Principal Financial Group Inc. decreased its shareholding in Acushnet Company (NYSE: GOLF) by 10.3% in the third quarter, according to recent filings. The investment firm sold 103,897 shares, leaving it with a total of 903,998 shares.
As of the latest report, Principal Financial Group’s remaining position in Acushnet is valued at approximately $70.96 million.
**Why this matters**
Changes in holdings by major institutional investors like Principal Financial Group can signal shifts in market confidence or portfolio strategy. Monitoring such moves provides insight into how large investors view the prospects of companies like Acushnet.
Source: NewsData