Asset Management One Co. Ltd. Reduced Its Holding on Shares of the Bank of New York Mellon Corp

Recently, Asset Management One Co. Ltd. sold its shares from the Bank of New York Mellon Corp (NYSE:BK). According to the company’s most recent 13F filing with the Securities and Exchange Commission (SEC), Asset Management One Co. Ltd. has sold total of 3.2% of shares during the 2nd quarter.

Now the institutional investor has left with approximately 0.05% of Bank of New York Mellon shares that worth $21,422,000 at the end of the most recent quarter. In numbers, the company has sold 16,252 shares of the Bank’s stock during the most recent quarter, though it still owns 485,187 shares of the Bank of New York Mellon Corp (NYSE:BK).

Asset Management One Co. Ltd is not the only firm that decided to shrink the number of their shares in the business. Longview Partners Guernsey LTD removed 31.4% of the Bank’s stock during the 2nd quarter.

Apart from Asset Management One Co. Ltd, there are institutional investors who decided to lift their holdings in shares of Bank of New York Mellon. Longview Partners Guernsey LTD strengthen their grip in the market by adding 31.4% of the Bank’s stock during the 2nd quarter. During the last quarter, the company decided to buy 6,313,870 shares of the Bank’s stock, which now adds up to the total of 26,407,419 shares of the bank’s stock valued at $1,165,888,000.

The Bank of New York Mellon is also making headlines in the market as the Hunter Horsely, CEO of Bitwise Asset Management has appointed Bank Of New York Mellon as the administrating and transfer agent for Bitcoin ETF. Along with taking care of the maintenance of accounts, redeeming shares and responding to the shareholders, soon the Bank will also start as the ETF for the Bitwise Asset Management.