Walmart Sees Investment Surge from SGL Investment Advisors

SGL Investment Advisors Inc., an investment firm, has purchased a new position in Walmart Inc. (NASDAQ:WMT) during the second quarter, according to its most recent Form 13F filing with the SEC.

The fund bought approximately 39,012 shares of Walmart's stock, valued at $4,395,000. This represents about 1.5% of SGL Investment Advisors Inc.'s investment portfolio, making Walmart its 26th largest holding.

This is not the only recent development in Walmart's ownership. Other hedge funds and institutional investors have also added to or reduced their stakes in the company.