Stocks
Simplicity Wealth Raises MRK Stake, Raising Questions About Market Expectations
Simplicity Wealth LLC increased its stake in Merck & Co., Inc. (NYSE:MRK) by 20.4% during the second quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor owned 53,267 shares of the company's stock after buying an additional 9,009 shares during the quarter.
Simplicity Wealth LLC's holdings in Merck & Co., Inc. were worth $6,845,000 at the end of the most recent reporting period.
This is not the only change in stake; other hedge funds have also modified their holdings of the company.