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Wealthfront Advisers LLC Raises Stock Holdings in Merck & Co., Inc. $MRK
Wealthfront Advisers LLC significantly increased its stake in Merck & Co., Inc. by 18.7% in Q3, purchasing an additional 33,127 shares to hold a total of 210,569 shares valued at approximately $17.67 million. While institutional ownership remains high, recent insider sales by top executives could temper near-term sentiment. Merck reported strong quarterly earnings, beating analyst estimates and issuing a quarterly dividend of $0.85.