A Big Pension Bought GE, Merck and Intel Stock. It Sold This Biotech.

[NewsFeeder]

A Big Pension Bought GE, Merck and Intel Stock. It Sold This Biotech.

The State of Michigan Retirement System bought more General Electric, Merck, and Intel stock in the second quarter, and sold most of its investment in biotech stock Gilead Sciences.

https://finance.yahoo.com/m/20a03cc...53b8b/a-big-pension-bought-ge,.html?.tsrc=rss

 

[Bullitt]

More importantly, they reported a newly opened position in LQD for $187M which is now their 5th biggest holding. It's not just the fed buying corporate debt.