Thornburg Bets Big on Merck with Significant Share Purchase

Thornburg Investment Management Inc., a financial institution, increased its stake in Merck & Co., Inc. (NYSE:MRK) by 1.6% during the second quarter.

The company acquired an additional 59,303 shares of MRK's stock, making it the seventh largest position in Thornburg's holdings at 4.7%.

As a result, Merck & Co., Inc. comprises approximately $486,755,000 worth of Thornburg Investment Management Inc.'s portfolio.

This news comes amidst other institutional investors' changes to their stakes in MRK.