Wellington Management Group Cuts Stake in Marriott Vacations Worldwide
Wellington Management Group LLP cut its stake in Marriott Vacations Worldwide by 70.8% in the second quarter, leaving it with 93,411 shares after selling 226,365. Empowered Funds LLC bought a new stake worth about $14.3 million. Director Christian Asmar also sold 750,000 shares, while other institutional investors added positions.