Capital Investment Advisors LLC reduced its stake in shares of Best Buy Co., Inc. (NYSE:BBY - Free Report) by 37.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,971 shares of the technology retailer's stock after selling 14,937 shares during the period. Capital Investment Advisors LLC's holdings in Best Buy were worth $2,579,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AMF Tjanstepension AB acquired a new position in Best Buy during the first quarter worth about $8,676,000. GAMMA Investing LLC increased its stake in Best Buy by 78.7% in the 2nd quarter.
GAMMA Investing LLC now owns 2,039 shares of the technology retailer's stock valued at $172,000 after purchasing an additional 898 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Best Buy by 11.4% during the second quarter. Envestnet Portfolio Solutions Inc.
now owns 74,764 shares of the technology retailer's stock worth $6,302,000 after purchasing an additional 7,663 shares during the last quarter. M&G Plc acquired a new stake in Best Buy in the first quarter valued at $8,608,000. Finally, Van ECK Associates Corp increased its position in shares of Best Buy by 21.9% in the first quarter. Van ECK Associates Corp now owns 118,431 shares of the technology retailer's stock valued at $9,715,000 after buying an additional 21,258 shares in the last quarter. 80.96% of the stock is owned by institutional investors and hedge funds.
In other Best Buy news, Chairman Richard M. Schulze sold 88,542 shares of the business's stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $88.25, for a total transaction of $7,813,831.50. Following the completion of the sale, the chairman now directly owns 13,602,853 shares in the company, valued at $1,200,451,777.25. The trade was a 0.00 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Best Buy news, Chairman Richard M. Schulze sold 88,542 shares of the firm's stock in a transaction dated Wednesday, July 24th.
The stock was sold at an average price of $88.25, for a total value of $7,813,831.50. Following the transaction, the chairman now directly owns 13,602,853 shares of the company's stock, valued at $1,200,451,777.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Richard M. Schulze sold 600,000 shares of the company's stock in a transaction dated Monday, July 22nd.
The stock was sold at an average price of $88.29, for a total value of $52,974,000.00. Following the completion of the sale, the chairman now directly owns 14,002,853 shares of the company's stock, valued at $1,236,311,891.37. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by insiders.
