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American Century Companies Inc. reduced its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 7.3% during the third quarter, according to a recent SEC filing. The institutional investor now owns approximately 128,135 shares of the company’s stock, valued at $31,425,000.
Why it matters
Cboe Global Markets is a major exchange operator, running options, futures, and equity markets. Changes in ownership by large institutional investors can signal shifts in market sentiment or expectations around the company’s performance.
The details
American Century Companies sold 10,033 shares of Cboe Global Markets during the third quarter, reducing its total position to 128,135 shares. The company now owns approximately 0.12% of Cboe’s outstanding stock. Other institutional investors and hedge funds have also adjusted their Cboe positions, with some increasing and others decreasing their stakes.
- American Century Companies made the share sale during the 3rd quarter of 2022.
The players
American Century Companies Inc.
An institutional investment management firm that owns a stake in Cboe Global Markets.
Cboe Global Markets, Inc.
A global market infrastructure company that operates options, futures, and equity exchanges.
The takeaway
This transaction indicates that American Century Companies has a slightly less bullish view on Cboe Global Markets compared to the prior quarter, though the firm still maintains a sizable position in the exchange operator.
