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State Street Corp Boosts Stake in 3M with Additional Share Purchase

Guavy AI Editorial Team
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MMM
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State Street Corp has increased its stake in 3M Company (NYSE:MMM) by acquiring an additional 105,222 shares during the second quarter. The firm now owns 27,828,966 shares of the conglomerate's stock, accounting for 5.40% of 3M's total value.

The company's most recent Form 13F filing with the Securities and Exchange Commission revealed this information. State Street Corp's stake in 3M is valued at approximately $4.51 billion as of its latest SEC filing.

Other institutional investors have also modified their holdings of 3M, including MAC Alpha Capital Management LP, which purchased a new stake worth about $353,000 during the second quarter.

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