Swiss National Bank Sells 176,000 Shares of Canadian Pacific Kansas City

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Swiss National Bank lowered its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) by 6.2% during the 3rd quarter, according to the company's filing with the Securities & Exchange Commission. The institutional investor owned 2,650,993 shares of the transportation company's stock after selling 176,000 shares during the period.

Why it matters

The reduction in Swiss National Bank's stake in Canadian Pacific Kansas City reflects broader market trends and investor sentiment around the transportation company. As a major institutional investor, Swiss National Bank's trading activity can provide insights into the stock's performance and outlook.

The details

According to the filing, Swiss National Bank owned approximately 0.29% of Canadian Pacific Kansas City, which is valued at $197,524,000 at the end of the most recent reporting period. The sale of 176,000 shares represents a 6.2% reduction in the bank's holdings of the transportation company's stock.

• The reduction in Swiss National Bank's stake in Canadian Pacific Kansas City occurred during the 3rd quarter of the year.