© Reuters. M&G Investment Management reduced its stake in Trinseo SA
On January 12, M&G Investment Management sold 6,000 shares of Trinseo SA (NYSE 🙂 for $ 336,000 at an average price of $ 55.95 per share. Shares of Trinseo SA fell -9.73% since the transaction. M&G Investment Management’s interest in Trinseo SA decreased to approximately 7.7 million shares with the transaction. M&G Investment Management first purchased shares of Trinseo SA in the fourth quarter of 2019. M&G Investment Management also owns Methanex Corporation (NASDAQ :), Air Products & Chemicals Inc (NYSE :), Linde PLC (NYSE 🙂 and Nutrien) Ltd. (NYSE:). Trinseo SA is its number two position by number of shares and market value among chemical stocks. Other investors who also reduced their shares in Trinseo SA include Citigroup (NYSE :), Hotchkis & Wiley Capital Management and T. Rowe Price Equity Income Fund. Unlike M&G Investment Management, the California State Teachers Retirement System and Squarepoint Ops added shares of TSE, while Millennium Management introduced shares of TSE into its portfolio.