Swiss National Bank Cuts Stake in Stryker Corporation $SYK

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The Swiss National Bank reduced its stake in Stryker Corporation (NYSE:SYK) by 4.7% in the third quarter, selling 48,400 shares and now owning 991,500 shares valued at $366.53 million. Despite this, institutional investors collectively own 77.09% of the company’s stock. Stryker recently reported strong quarterly earnings, beating analyst estimates, and announced a quarterly dividend of $0.88 per share.

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