Principal Financial Group Inc. decreased its holdings in Merit Medical Systems, Inc. (NASDAQ: MMSI) during the third quarter, according to its latest 13F filing with the Securities and Exchange Commission. The institutional investor sold 8,296 shares, bringing its total ownership to 317,118 shares.
This adjustment represents a 2.5% reduction in Principal Financial Group’s position in the medical instruments company.
**Why this matters**
Changes in institutional holdings can signal shifts in investor confidence or portfolio strategy. While a 2.5% reduction is relatively modest, monitoring such moves helps investors gauge market sentiment toward Merit Medical Systems.
Source: NewsData