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Saudi Central Bank Boosts Stake in Procter & Gamble

Guavy AI Editorial Team
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PG
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The Saudi Central Bank has significantly increased its stake in Procter & Gamble Company (NYSE: PG) by 88.6% during the second quarter, according to a recent SEC filing.

In the quarter, the bank purchased an additional 76,428 shares of Procter & Gamble's stock, bringing its total holdings to 162,680 shares worth $23,855,000 at the end of the period.

The Saudi Central Bank is not the only institutional investor that has increased its stake in Procter & Gamble; Fortitude Advisory Group L.L.C., Angeles Wealth Management LLC, Unique Wealth LLC, and Kaydan Wealth Management Inc. also raised their holdings during the second quarter.

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