Universal Music Group $UNVGY Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lessened its stake in Universal Music Group (OTCMKTS:UNVGY) by 97.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 13,210 shares of the company’s stock after selling 478,414 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Universal Music Group were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.

Universal Music Group Price Performance

OTCMKTS:UNVGY opened at $8.54 on Monday. The company has a 50 day moving average price of $9.71 and a 200-day moving average price of $10.48. Universal Music Group has a 1-year low of $8.15 and a 1-year high of $14.87.

Universal Music Group Profile

Universal Music Group (OTCMKTS: UNVGY) is a leading global music company that operates across the recorded music, music publishing, and merchandising sectors. The company signs, develops, and manages artists and songwriters, producing and distributing sound recordings and music videos. It holds a diverse catalogue spanning all major genres, representing both established superstars and emerging talent through renowned labels such as Interscope Geffen A&M, Capitol Music Group, Def Jam Recordings and Decca Records.

In its recorded music division, Universal Music Group collaborates with artists to create and market new releases, overseeing physical and digital distribution, licensing, and promotional activities.