On the 12th of January, M&G Investment Management sold 6 thousand Trinseo S.A. (NYSE:) shares for $336 thousand at an average price of $55.95 per share.
Shares of Trinseo S.A. are down -9.73% 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:), Air Products & Chemicals Inc (NYSE:), Linde PLC (NYSE:) and Nutrien Ltd. (NYSE:).
Trinseo S.A. is its number two position by number of shares and market value among chemicals stocks.
Other investors who also reduced their Trinseo S.A. shares include Citigroup (NYSE:), Hotchkis & Wiley Capital Management, and the T. Rowe Price Equity Income Fund.
Contrary to M&G Investment Management, California State Teachers Retirement System and Squarepoint Ops added to TSE shares, while Millennium Management introduced TSE shares to their portfolio.
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