Sivia Capital Partners Trims Stake in Johnson & Johnson by 60%
Sivia Capital Partners LLC, a financial institution, has reduced its stake in Johnson & Johnson (NYSE:JNJ) by 60% in the second quarter. According to their most recent SEC filing, they owned 3,459 shares of JNJ stock after selling 5,184 shares during this period. The value of their holdings in Johnson & Johnson was approximately $878,000.
This reduction is not an isolated incident. Other large investors have also made changes to their positions in JNJ. Vanguard Group Inc., for example, increased its stake by 1.6% in the fourth quarter and now owns 240,349,660 shares worth around $49,740,362,000.
Johnson & Johnson has been performing well recently, with a strong earnings report and higher guidance contributing to the company's growth. The firm reported $2.90 earnings per share for the second quarter, beating analysts' expectations by $0.06. Revenue also rose 6.6% to $25.31 billion.