Stocks
Soltis Cuts Stake in McDonald's Amid Institutional Shift
Soltis Investment Advisors LLC reduced its stake in McDonald's Corporation (NYSE:MCD) by 56.9% during the second quarter, according to a recent filing with the Securities & Exchange Commission.
The institutional investor sold 4,110 shares of McDonald's stock, leaving it with 3,111 shares worth $841,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also made changes to their positions in McDonald's during the second quarter. Daymark Wealth Partners LLC grew its position by 3.8%, while Miller Howard Investments Inc. NY acquired a new stake valued at $52,940,000.