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New Mexico Educational Retirement Board increases Microsoft stock holdings

1 report, 1 independent Updated Sat 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

The New Mexico Educational Retirement Board increased its stake in Microsoft Corporation by 14.7% during the second quarter, according to its 13F filing with the Securities and Exchange Commission. The Board purchased an additional 50,314 shares, bringing its total ownership to 392,261 shares. These holdings were valued at $146,321,000 and represent 3.7% of the Board’s portfolio.

From dailypolitical.com

Why it matters

Some supportBrind's analysis of the reports

The increase in institutional ownership reflects growing investor confidence in Microsoft Corporation. This activity contributes to the overall institutional ownership level, which currently stands at 71.13% of the stock.

From dailypolitical.com

Who's involved

  • MicrosoftAmerican multinational technology corporation whose stock was purchased
  • NasdaqAmerican fully electronic stock exchange where Microsoft is listed

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Coverage

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