Bank of New York Mellon Corp Reduces Stake in Comerica Incorporated
Bank of New York Mellon Corp reduced its holding in Comerica Incorporated (NYSE:CMA) by 3.7% in the second quarter, according to its latest filing with the Securities & Exchange Commission.
The firm owned 1,287,811 shares of the financial services company's stock after the reduction.
Bank of New York Mellon Corp reported a slight decrease in its Comerica shares during the quarter.
Such adjustments reflect ongoing portfolio management and strategic reallocation by major institutional investors.
Summary
This reduction indicates a modest shift in Bank of New York Mellon Corp's investment strategy regarding Comerica Incorporated shares, typical of active asset management practices.
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