Ferguson Wellman Capital Management Inc. Reduces Position in Universal Music Group $UNVGY

Ferguson Wellman Capital Management Inc. decreased its position in Universal Music Group (OTCMKTS:UNVGY) by 97.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,210 shares of the company’s stock after selling 478,414 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Universal Music Group were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Universal Music Group Price Performance

Universal Music Group stock opened at $8.54 on Monday. The stock has a 50-day moving average price of $9.71 and a 200 day moving average price of $10.48. Universal Music Group has a 52 week low of $8.15 and a 52 week high of $14.87.

About Universal Music Group

Universal Music Group (OTCMKTS: UNVGY) is a leading global music company that operates across the recorded music, music publishing, and merchandising sectors. The company signs, develops, and manages artists and songwriters, producing and distributing sound recordings and music videos. It holds a diverse catalogue spanning all major genres, representing both established superstars and emerging talent through renowned labels such as Interscope Geffen A&M, Capitol Music Group, Def Jam Recordings and Decca Records.

In its recorded music division, Universal Music Group collaborates with artists to create and market new releases, overseeing physical and digital distribution, licensing, and promotional activities.