Amalgamated Bank trimmed its position in Franklin Resources, Inc. (NYSE:BEN – Free Report) by 8.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 73,557 shares of the closed-end fund’s stock after selling 6,709 shares during the quarter. Amalgamated Bank’s holdings in Franklin Resources were worth $2,191,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cooper Financial Group raised its holdings in shares of Franklin Resources by 2.6% in the 4th quarter. Cooper Financial Group now owns 14,682 shares of the closed-end fund’s stock worth $437,000 after purchasing an additional 371 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Franklin Resources by 4.9% in the fourth quarter. Tokio Marine Asset…
