TD Waterhouse Cuts Salesforce Stake Amid Market Adjustments
TD Waterhouse Canada Inc., a large investor in Salesforce, has reduced its holdings in the company. According to a recent filing with the Securities & Exchange Commission, TD Waterhouse sold 9,585 shares of Salesforce during the second quarter.
The sale resulted in a decrease of 9.1% in the fund's total holding in Salesforce, which now stands at 95,374 shares. The value of these shares is approximately $15,576,000.
This move by TD Waterhouse comes as part of a broader trend in the financial sector, where investors are adjusting their portfolios in response to market conditions.