Resona Asset Management Co. Ltd. decreased its ownership in CRH Plc, a construction materials company, by selling 10,744 shares during the third quarter. After this sale, the firm held 185,222 shares of CRH stock. The total value of Resona’s investment in CRH was approximately $22.2 million at the end of the period.
This change represents a 5.5% reduction in Resona’s stake in the company. CRH Plc is listed on the New York Stock Exchange under the ticker symbol CRH. The sale reflects a portfolio adjustment by Resona Asset Management during the third quarter.
Why this matters:
Changes in holdings by major investment firms can signal shifts in market sentiment or portfolio strategy. Investors often watch such moves to gauge confidence in a company’s future prospects or to identify broader market trends.
Source: NewsData