Chevy Chase Trust Holdings INC Has Lowered Its Ing Groep N V (ING) Holding by $8.41 Million as Share Value Declined

ING Groep N.V. (NYSE:ING) Logo

Chevy Chase Trust Holdings Inc decreased its stake in Ing Groep N V (ING) by 38.2% based on its latest 2019Q2 regulatory filing with the SEC. Chevy Chase Trust Holdings Inc sold 764,252 shares as the company’s stock declined 11.97% . The institutional investor held 1.24 million shares of the finance company at the end of 2019Q2, valued at $14.31M, down from 2.00M at the end of the previous reported quarter. Chevy Chase Trust Holdings Inc who had been investing in Ing Groep N V for a number of months, seems to be less bullish one the $41.87 billion market cap company. The stock increased 2.02% or $0.21 during the last trading session, reaching $10.85. About 5.13 million shares traded or 46.86% up from the average. ING Groep N.V. (NYSE:ING) has declined 27.21% since September 13, 2018 and is downtrending. It has underperformed by 27.21% the S&P500.

Chevy Chase Trust Holdings Inc, which manages about $24.13B US Long portfolio, upped its stake in Novartis A G (NYSE:NVS) by 40,397 shares to 762,148 shares, valued at $69.59 million in 2019Q2, according to the filing. It also increased its holding in Ishares Tr (IVV) by 41,969 shares in the quarter, for a total of 207,747 shares, and has risen its stake in Msci Inc (NYSE:MSCI).

More notable recent ING Groep N.V. (NYSE:ING) news were published by: Finance.Yahoo.com which released: “Is ING Groep N.V. (ING) A Good Stock To Buy ? – Yahoo Finance” on June 29, 2019, also Seekingalpha.com with their article: “ING slides 3.9% after Q2 NII disappoints – Seeking Alpha” published on August 01, 2019, Finance.Yahoo.com published: “ING Groep N.V. (ING) Q2 2019 Earnings Call Transcript – Yahoo Finance” on August 01, 2019. More interesting news about ING Groep N.V. (NYSE:ING) were released by: Seekingalpha.com and their article: “ING: Steady And Underappreciated, Or Boring And Underwhelming? – Seeking Alpha” published on May 06, 2019 as well as Seekingalpha.com‘s news article titled: “Why Investors Should Buy ING – Seeking Alpha” with publication date: April 18, 2018.

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