Peabody Energy Stock: Why One Fund Trimmed 3 Million Shares After a Big Run

Seattle-based wealth advisory Progeny 3 disclosed a reduction of 3 million shares in Peabody Energy Corporation (NYSE:BTU), trimming its stake by an estimated $28.5 million as of September 30, per SEC filings.An SEC filing published November 14, shows Progeny 3 sold 3 million shares of Peabody Energy Corporation (NYSE:BTU) over the previous quarter. The position decreased in value by an estimated $28.5 million, with the fund holding 908,593 shares valued at $24.1 million as of September 30. The stake now accounts for 1.2% of the fund’s $1.9 billion reportable U.S. equity holdings.Top holdings after the filing:  Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool