Edge Wealth Management LLC lessened its holdings in shares of Macy’s Inc (NYSE:M) by 84.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,385 shares of the company’s stock after selling 12,615 shares during the quarter. Edge Wealth Management LLC’s holdings in Macy’s were worth $52,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in M. Norges Bank acquired a new position in shares of Macy’s during the fourth quarter worth approximately $96,799,000. OppenheimerFunds Inc. grew its position in Macy’s by 2,206.5% in the first quarter. OppenheimerFunds Inc. now owns 3,070,872 shares of the company’s stock valued at $73,793,000 after acquiring an additional 2,937,732 shares during the period. SG Americas Securities LLC grew its position in Macy’s by 102.6% in the first quarter. SG Americas Securities LLC now owns 47,983 shares of the company’s stock valued at $1,153,000 after acquiring an additional 1,906,263 shares during the period. Alps Advisors Inc. grew its position in Macy’s by 31.5% in the first quarter. Alps Advisors Inc. now owns 1,714,793 shares of the company’s stock valued at $41,206,000 after acquiring an additional 410,689 shares during the period. Finally, Geode Capital Management LLC grew its position in Macy’s by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 5,150,836 shares of the company’s stock valued at $153,359,000 after acquiring an additional 355,028 shares during the period. 90.71% of the stock is currently owned by institutional investors.

In other news, Chairman Jeffrey Gennette acquired 5,000 shares of Macy’s stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average price of $21.96 per share, for a total transaction of $109,800.00. Following the transaction, the chairman now directly owns 102,525 shares of the company’s stock, valued at approximately $2,251,449. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paula A. Price sold 1,189 shares of Macy’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $21.30, for a total value of $25,325.70. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 20,000 shares of company stock valued at …read more

Source:: Daily Times

      

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Edge Wealth Management LLC Sells 12,615 Shares of Macy’s Inc (NYSE:M)

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