ProShare Advisors LLC significantly increased its stake in Kenvue Inc. by 7.5% in the third quarter of last year, now owning 7.76 million shares valued at approximately $126.1 million. This increase in institutional ownership is accompanied by a major insider purchase, with Director Jeffrey C. Smith buying 3.2 million shares for over $55 million. Kenvue also announced a quarterly dividend of $0.2075 per share, resulting in an annualized yield of 4.6%.
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ProShare Advisors LLC Increases Position in Kenvue Inc. $KVUE
ProShare Advisors LLC significantly increased its stake in Kenvue Inc. by 7.5% in the third quarter of last year, now owning 7.76 million shares valued at approximately $126.1 million. This increase in institutional ownership is accompanied by a major insider purchase, with Director Jeffrey C. Smith buying 3.2 million shares for over $55 million. Kenvue also announced a quarterly dividend of $0.2075 per share, resulting in an annualized yield of 4.6%.