VanEck Associates cuts Starbucks stake by 97.1% in Q2 filing
VanEck Associates Corp cut its Starbucks stake by 97.1% in the second quarter, selling 2,253,230 shares and leaving it with 66,863 shares. The filing contrasts with Starbucks’ July 29 earnings beat, plus other institutional buying and recent insider share sales. The trade reflects a 2.88% decrease in VanEck’s position.