What percentage of A2 Milk shares are owned by institutions?

The A2 Milk Company Ltd (ASX: A2M) share price has been dwindling lower, now down almost 19% in 2022 so far.

After a strong start to June, A2 Milk turned sharply and is now trading off its monthly highs. The company’s shares are now fetching $4.42 each in early trade on Monday. That’s down 1.34% on Friday’s closing price.

Let’s check the company’s shareholder statistics that reveal some fairly interesting findings.

A2 Milk’s institutional ownership

More than 57% of the company’s shares are owned by institutions, according to Bloomberg data.

In June 2020, it was 85%. Hence, there’s been a substantial drop in institutional interest in A2 Milk since that time.

There are 189 institutions in total that own shares, with 37 new buyers in the last week.

In terms of investment, more than 38% of the float is owned by exchange traded funds (ETFs). Another 30% is a blend of open-ended funds with 15.6% held by asset allocators, according to Bloomberg data.

The majority (4.65%) of investment funds holding A2 Milk shares are located in the US. Australia accounts for 4.5% of institutional funds, the data shows.

Furthermore, the number of institutions selling A2 Milk shares increased approximately 12% in June. That’s on top of a 9% decrease in the number of institutional buyers over the same timespan.

Perhaps that might help explain why the A2 Milk share price has taken a backward step from its monthly highs, as seen below.

A2Milk share price snapshot

The A2 Milk share price has been trending lower over the last 12 months, slipping around 30% into the red.

A2 Milk shares have been heading south since falling from their all-time high of $19.83 on 3 June 2020. The share price now trades in line with its July 2017 levels.

The post What percentage of A2 Milk shares are owned by institutions? appeared first on The Motley Fool Australia.

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More reading

• 9 ASX 200 shares now trading at ‘significant discounts’: broker
• Why A2 Milk, Bubs, Evolution, and Zip shares are rising despite the selloff
• Here’s why the A2 Milk share price is defying the market selloff on Friday
• Where next for the A2 Milk share price?
• Why A2 Milk, Appen, Magellan, and Tyro shares are dropping today

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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