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Fidelity, T. Rowe Bulked Up On GE Shares As Culp Took Over
FYI: When it comes to General Electric Co., two of the nation’s largest mutual fund companies have been going all in on the industrial conglomerate’s latest chief executive, Larry Culp.
Fidelity Investments and T. Rowe Price Group Inc. have bulked up on GE stock since Culp was named in October 2018. While neither fund company had much of a stake in GE before he took the helm, the two now rank as its second- and fourth-largest institutional shareholders, respectively, according to regulatory data compiled by Bloomberg. Regards, Ted https://www.bloomberg.com/news/articles/2019-08-16/fidelity-t-rowe-price-bulked-up-on-ge-stock-as-culp-took-over
