© Reuters. M&G Investment Management reduced stake in Trinseo S.A.
On the 6th of January, M&G Investment Management sold 10 thousand Trinseo S.A. (NYSE:TSE) shares for $557 thousand at an average price of $55.66 per share. Shares of Trinseo S.A. are down -30.74% since the transaction.
M&G Investment Management's holding in Trinseo S.A. decreased to about 7.7 million shares with the transaction.
M&G Investment Management first bought Trinseo S.A. stock in the fourth quarter of 2019. M&G Investment Management also owns Methanex Corporation (NASDAQ:MEOH), Air Products & Chemicals Inc (NYSE:APD), Linde PLC (NYSE:LIN) and Nutrien Ltd. (NYSE:). Trinseo S.A. is its number two position by number of shares and market value among chemicals stocks.
Other investors who also reduced their Trinseo S.A. shares include Citigroup (NYSE:C), Hotchkis & Wiley Capital Management, and the T. Rowe Price Equity Income Fund. In contrast, California State Teachers Retirement System and Squarepoint Ops added to TSE shares, while Millennium Management introduced TSE shares to their portfolio.Leave a comment