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BlackRock $BLK Shares Bought by MAI Capital Management
MAI Capital Management increased its stake in BlackRock (NYSE:BLK) by 17.5% in the third quarter, raising its holdings to 29,411 shares valued at $34.29 million. This move is part of broader institutional buying, with other large investors like Norges Bank and Franklin Resources also significantly increasing their positions, pushing institutional ownership to over 80%. Despite this, company insiders, including the CFO and a director, have recently sold a substantial number of shares.