Wealthfront Advisers Invests Heavily in Procter & Gamble

Wealthfront Advisers LLC has invested in Procter & Gamble Company (The) NYSE:PG, acquiring 267,186 shares valued at approximately $39.18 million in the second quarter.

This is not an isolated instance of institutional investment in P&G, as several other large investors have also increased their stakes in the company recently.

Main Street Financial Solutions LLC, for example, increased its holdings by 11.9% during the same period, while First National Bank of Omaha bought a new stake valued at around $17.78 million.

In total, institutional investors and hedge funds own approximately 65.77% of P&G's stock.