Westpac Cuts Procter & Gamble Holdings by 31.8%

Westpac Banking Corp has reduced its holdings in Procter & Gamble (PG) by 31.8% during the second quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.

The fund owned 35,047 shares of PG's stock after selling 16,337 shares during the period, which were worth $5,139,000 at the end of the most recent quarter.

This is not an isolated instance, as other institutional investors have also been buying and selling PG shares. For example, Carson Advisory Inc. increased its position in PG by 0.5% during the fourth quarter, while Cary Street Partners Investment Advisory LLC boosted its position by 1.8% over the same period.