Fri Sep 20 14:17:28 UTC 2024: ## SYSTM Wealth Solutions Cuts Stake in National Grid, Other Investors Make Moves

**New York, NY – September 20, 2024** – SYSTM Wealth Solutions LLC significantly reduced its holdings in National Grid plc (NYSE: NGG) during the second quarter, according to the firm’s latest 13F filing with the Securities and Exchange Commission. The firm sold 561 shares, resulting in a 54.3% decrease in their position, leaving them with 472 shares valued at $27,000.

This move comes amidst a flurry of activity from other hedge funds regarding National Grid. RFP Financial Group LLC increased its stake by 119.8% in the first quarter, while Headlands Technologies LLC, Richardson Financial Services Inc., Bessemer Group Inc., and Creekmur Asset Management LLC all acquired new positions in the company during the first and fourth quarters.

Overall, hedge funds and institutional investors currently own 4.68% of National Grid’s stock.

National Grid plc is a utility provider that operates across the UK and the US, primarily in electricity transmission and distribution, as well as gas distribution.

The company’s stock opened at $68.84 on Friday, with a market cap of $54.62 billion. National Grid’s recent performance has been relatively stable, with a 1-year low of $55.13 and a 1-year high of $73.40.

Analysts and investors will be watching closely to see if other hedge funds follow SYSTM Wealth Solutions’ lead in reducing their stakes in National Grid, or if the recent flurry of activity from other investors signals a potential shift in sentiment towards the company.

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