Sumitomo Mitsui Trust reduces stake in U.S. Bancorp shares
1 report, 1 independent
Updated Mon 00:00
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What happened
Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of U.S. Bancorp by 8.0% during the third quarter, selling 286,314 shares. At the end of the reporting period, the firm owned 3,289,416 shares, valued at $189,997,000. Other funds also made changes to their positions in U.S. Bancorp during the third quarter.
From dailypolitical.com
Why it matters
The reduction in holdings by a major financial institution reflects a change in institutional investment sentiment toward U.S. Bancorp. This trade is part of broader shifts in ownership among various investment funds.
From dailypolitical.com
Who's involved
- U.S. BancorpAmerican financial services holding company
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The entities involved
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U.S. Bancorp
American financial services holding company, parent company of U.S. Bank
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