Stocks
Summit Global Investments Acquires New Stake in Procter & Gamble
Summit Global Investments made a new investment in Procter & Gamble Company (The) (NYSE:PG) in the second quarter, according to its most recent Form 13F filing with the SEC.
The fund acquired 13,617 shares of the company's stock, valued at approximately $1,997,000.
Other hedge funds also made changes to their positions in Procter & Gamble. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Procter & Gamble by 1,000.0% in the fourth quarter.
Procter & Gamble has a market capitalization of $335.82 billion and a P/E ratio of 21.82.