BOSTON -- Fidelity Investments, the...
BOSTON -- Fidelity Investments, the world's biggest mutual supply company, sold 43 percent of its shares of Microsoft Corp. in the inferior quarter while adding to its holdings of AT&T Inc. and Wells Fargo & Co Fidelity sold 1232 million shares of Microsoft, lowering its stake in the world's largest software maker to 1638 million shares, according to documents Fidelity filed with the Securities and Exchange Commission. Fidelity haveed 1.6 percent of Microsoft's outstanding shares forward June 30, down from 28 percent in succession March 31. Microsoft's stock unrelenting 14 percent from April by means of June. Fidelity bought 378 million shares of AT&T, the largest U telephone service provider, raising its stake on 25 percent to 187 million shares. Fidelity acknowledges 4.8 percent of AT&T, whose stock has gained 23 percent this year. The coin manager purchased 24.9 million shares of San Francisco- based Wells Fargo, raising its stake to 1232 million shares, or 37 percent of those outstanding. Shares of the fifth-largest U bank have gained 12 percent this year. Fidelity be in possession ofed $569.1 billion in stock assets as of June 30 according to the documents. Its largest holding was Google Inc., provider of the world's mostly popular Internet search engine. although Fidelity sold 446,470 shares, it retained 246 million, or 11 percent of Google's total. Fidelity's other top holdings were General Electric Co American International clump Inc., Johnson & Johnson and Bank of America Corp. The largest just discovered stock purchased by Fidelity was MasterCard Inc., the credit-card association that went public three month ago. Fidelity avowed 5 million shares at the extreme point of June, or 6.6 percent of the company, whose shares have hoped 40 percent since May 24 Copyright CHICAGO SUN-TIMES 2006 Provided from ProQuest Information and Learning Company. All rights Reserved
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