Integrated Advisors Network LLC Decreases Stock Holdings in BlackRock $BLK

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Integrated Advisors Network LLC reduced its stake in BlackRock (NYSE:BLK) by 23.9% in the third quarter, selling 1,484 shares and owning 4,718 shares valued at $5.5 million. Despite this reduction, other institutional investors increased their holdings, and hedge funds collectively own 80.69% of BlackRock’s stock. The company recently announced a quarterly dividend increase and reported strong quarterly earnings that beat analyst estimates, although insider selling activities have also been noted.

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