Envestnet Asset Management Inc. recently reduced its stake in Ford Motor Company by 19.1%, selling 114,295 shares and retaining 485,604 shares valued at $5.81 million. Despite this, other institutions like Norges Bank and Marshall Wace significantly increased their holdings, with institutional investors now owning approximately 58.7% of Ford. Ford also reported strong quarterly earnings, beating expectations with $0.13 EPS and $45.89 billion in revenue, and announced a quarterly dividend.
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Envestnet Asset Management Inc. Sells 114,295 Shares of Ford Motor Company $F
Envestnet Asset Management Inc. recently reduced its stake in Ford Motor Company by 19.1%, selling 114,295 shares and retaining 485,604 shares valued at $5.81 million. Despite this, other institutions like Norges Bank and Marshall Wace significantly increased their holdings, with institutional investors now owning approximately 58.7% of Ford. Ford also reported strong quarterly earnings, beating expectations with $0.13 EPS and $45.89 billion in revenue, and announced a quarterly dividend.