WealthShield Partners Acquires New Stake in Walmart

WealthShield Partners LLC acquired a new stake in Walmart Inc. (NASDAQ:WMT) during the second quarter, according to its recent filing with the Securities and Exchange Commission.

The firm purchased 49,559 shares of the retailer's stock, valued at approximately $5,613,000.

This represents about 0.9% of WealthShield Partners LLC's investment portfolio, making Walmart its 26th largest holding.

Other institutional investors also modified their holdings of Walmart recently, including Entrust Financial LLC, Merkkuri Wealth Advisors LLC, and Bay Harbor Wealth Management LLC.

Institutional investors and hedge funds own approximately 26.76% of the company's stock.