Wedbush Fund Advisers LLC Ups Stake in Salesforce by 30.1%

Wedbush Fund Advisers LLC has increased its stake in Salesforce Inc. (NYSE:CRM) by 30.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The fund now owns 201,145 shares of the CRM provider's stock, making it its 20th largest position, accounting for approximately 2.8% of Wedbush Fund Advisers LLC's holdings.

The company's stake in Salesforce is worth $31,511,000 at the end of the most recent reporting period.

Other institutional investors have also increased their stakes in Salesforce, including BlackRock Inc., which bought a new stake valued at about $11,396,844,000 during the second quarter.