Mediolanum International Funds Ltd significantly decreased its investment in Elevance Health, Inc. during the third quarter. The firm sold 15,945 shares, reducing its total holdings to 7,112 shares. Following the sale, the remaining shares were valued at approximately $2.27 million.
This adjustment reflects a notable shift in the fund’s position in Elevance Health over the quarter.
**Why this matters**
Changes in institutional holdings can signal shifts in market sentiment or portfolio strategy. Investors often monitor such moves to gauge confidence levels and potential future performance of a company’s stock.
Source: NewsData