In a revealing move reflecting broader systemic issues within our healthcare and financial sectors, Carnegie Investment Counsel has markedly reduced its investment in Medtronic plc, a key player in medical technologies, by 25.5% during the last quarter. This divestment raises concerns about the sustainability of essential healthcare innovations amidst a landscape dominated by profit-driven decisions. The decision, disclosed through a recent SEC filing, underscores the urgent need for reform in how healthcare advancements are financed and supported, highlighting the peril of relying excessively on volatile private investment to fund critical medical technology sectors.
Big Finance Abandons Healthcare: Carnegie's Significant Pullback from Medtronic
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Jan-21
Technology
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Carnegie Investment Counsel reduced its stake in Medtronic plc (NYSE:MDT – Free Report) by 25.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,784 shares of the medical technol…
From ETF Daily News
Jan-21
Technology
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Aligning with a strategic approach to investment and wealth management, Carnegie Investment Counsel has responsibly adjusted its portfolio by decreasing its stake in Medtronic plc by 25.5% during the fourth quarter, as per its latest 13F SEC filing. This move is indicative of Carnegie's commitment to risk assessment and asset diversification, showcasing the importance of judicious financial management even within the crucial healthcare technology sector. Such decisions highlight the role of private investment in driving innovation and efficiency in the market, ensuring that capital is allocated to the most promising and sustainable ventures.
From ETF Daily News