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Martingale Asset Management Reduces Exelon Stake
Martingale Asset Management L.P. reduced its stake in Exelon Corporation (NASDAQ:EXC) by 5.3% during the third quarter, selling 29,376 shares. The investment firm now holds 529,999 shares of Exelon, valued at $23.86 million, representing approximately 0.05% of the energy company’s outstanding shares. This reduction suggests a potentially more cautious outlook by Martingale Asset Management on Exelon’s short-term prospects.