Aberdeen Group plc Trims Stock Position in Simon Property Group, Inc. $SPG

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Aberdeen Group plc reduced its stake in Simon Property Group, Inc. (NYSE:SPG) by 1.4% in the fourth quarter, selling 9,702 shares and holding 669,834 shares worth $123.99 million. Despite this, other institutional investors like Wellington Management Group and Capital World Investors significantly increased their positions. Simon Property Group’s stock currently trades at $188.71, with a market cap of $61.32 billion, and the company recently announced a share repurchase plan and a quarterly dividend.

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