Reported 4 months ago
Hedge funds have been selling off US stocks due to inflation and high interest rates, but they are accumulating shares of Merck & Co (NYSE:MRK). Over 95 hedge funds have invested $8.11 billion in Merck & Co as of May 26, 2024, with Fisher Asset Management leading the investments. Merck & Co is a pharmaceutical company known for drugs like Keytruda and has a strong dividend history. While dividend stocks like Merck are popular, investors should also consider high-yield alternative investments like the Ascent Income Fund from EquityMultiple for diversification and reliable income generation.
Source: YAHOO