Stocks
Wellington Management's $993 Million Amgen Stake Surges by Over 1100%
Wellington Management Group LLP significantly increased its stake in Amgen Inc. (NASDAQ:AMGN) by 1102.7% during the second quarter, according to a recent disclosure with the Securities & Exchange Commission.
The institutional investor now owns approximately 0.51% of Amgen's stock, valued at $993,031,000, following the purchase of an additional 2,514,254 shares during the quarter.
This is not the only significant development in the company's investor landscape; several other hedge funds have also adjusted their stakes in Amgen recently.