© Reuters. M&G Investment Management reduced stake in Trinseo S.A.
On the 18th of November, M&G Investment Management sold 10 thousand Trinseo S.A. (NYSE:TSE) shares for $398 thousand at an average price of $39.84 per share. Shares of Trinseo S.A. are down -1.48% since the transaction.
M&G Investment Management's holding in Trinseo S.A. decreased to about 7.8 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:NTR). 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 Hotchkis & Wiley Capital Management, the T. Rowe Price Equity Income Fund, and Royce & Associates. 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