- The CEO of the world’s largest asset manager sold $US20 million worth of stock on February 2.
- A regulatory filing showed Larry Fink sold 27,400 shares at an average price of $US728.7 per share.
- BlackRock shares are up around 3% year-to-date.
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The billionaire unloaded 27,400 shares at an average price of $US728.7 per share on February 2, the filing showed. His recent stock sale has reduced his direct ownership of BlackRock shares by 3%. Fink still owns $US560 million worth of stock in the world’s largest asset manager, according to Bloomberg data.
A separate filing showed he disposed of $US2 million worth of stock in January, selling 2,800 shares at an average price of $US730 per share.
By July last year, Fink had dumped almost $US75 million in the company after other executives sold stock in their own companies the same month, Bloomberg reported.
BlackRock shares are up around 3% so far this year.
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