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Aberdeen Group Trims Holdings in Raymond James Financial
Aberdeen Group plc, an institutional investor, reduced its holdings in Raymond James Financial (NYSE:RJF) by 6.3% during the fourth quarter of the previous year, now owning 109,571 shares valued at $17.6 million. This move reflects the continuous portfolio rebalancing among institutional investors and occurred as other hedge funds also adjusted their positions in Raymond James Financial. The transaction underscores the dynamic nature of investment portfolios in the financial services sector.