Stock market

M&G Investment Management reduced stake in Trinseo S.A.

Stock Markets (Mar 05, 2021 01:00PM ET)

M&G Investment Management reduced stake in Trinseo S.A.

On the 3rd of March, M&G Investment Management sold 5 thousand Trinseo S.A. (NYSE:TSE) shares for $339 thousand at an average price of $67.75 per share. Shares of Trinseo S.A. are up 4.46% since the transaction.

M&G Investment Management’s holding in Trinseo S.A. decreased to about 7.7 million shares with the transaction.

M&G Investment Management first bought Trinseo S.A. stock in the fourth quarter of 2019. M&G Investment Management also owns Methanex Corporation (NASDAQ:MEOH), Air Products & Chemicals Inc (NYSE:APD), Linde PLC (NYSE:LIN) and Nutrien Ltd. (NYSE:NTR). Trinseo S.A. is its number one position by number of shares and market value among chemicals stocks.

Other investors who also reduced their Trinseo S.A. shares include Hotchkis & Wiley Capital Management, Millennium Management, and the T. Rowe Price Equity Income Fund. In contrast, California State Teachers Retirement System and Citigroup (NYSE:C) added to TSE shares, while Barrow, Hanley, Mewhinney & Strauss and Westfield Capital Management established new holdings in Trinseo S.A.M&G Investment Management reduced stake in Trinseo S.A. 

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