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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Integrated Advisors Network LLC Decreases Stock Holdings in BlackRock $BLK
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.