Ninety One UK Reduces $7M in UBS Group AG ($UBS)
Key Points
- Ninety One UK changed its UBS Group AG ($UBS) stake by 1.60% last quarter, cutting to 8,687,978 shares worth $418.67 million.
- $UBS last traded around $48.19.
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Ninety One UK trimmed its position in UBS Group AG ($UBS) by 1.60% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,687,978 shares of UBS Group AG after selling 141,608 shares during the quarter. Ninety One UK's holdings in UBS Group AG were worth $418.67 million as of its most recent filing.
UBS Group AG Stock Down 12.2%
Shares of UBS Group AG ($UBS) traded around $48.19 on Saturday, down 12.2% for the day.
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About UBS Group AG
UBS Group AG operates as a wealth manager and bank worldwide. It operates through five segments: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-Core and Legacy. The Global Wealth Management segment offers financial services, advice, and solutions; investment management, estate planning, and corporate advice services; and wealth management and banking products and services to private wealth and institutional customers. Its Personal & Corporate Banking segment provides banking, retirement, financing, investments, and strategic transactions to private, corporate, and institutional customers through its branch network and digital channels in Switzerland. The Asset Management segment offers diversified asset management services. Its Investment Bank segment provides equities, foreign exchange, precious metals, research, advisory, and capital markets services to institutional, corporate, financial sponsor, and Global Wealth Management customers, as well as focused rates and credit platform. The company also offers lending products, such as securities-based lending, mortgages, structured products, and tailored solutions; collateralized lending residential and commercial real estate, primarily against securities, residential and commercial real estate, other real assets (such as ships and aircraft), private market and hedge fund interest; and unsecured lending. The company was formerly known as UBS AG and changed its name to UBS Group AG in December 2014. UBS Group AG was founded in 1862 and is headquartered in Zurich, Switzerland.
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