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Consolidated Edison Shares Sold by Investment Firm
Xponance Inc., an investment management firm, reduced its stake in Consolidated Edison Inc. (NYSE:ED) by 7.7% in the third quarter, selling 5,151 shares and lowering its total position to 61,674 shares. This adjustment by Xponance Inc., which cited unspecified reasons, provides insight into market sentiment and investment strategies regarding the utility provider. Consolidated Edison is a major electric and gas utility serving the New York metropolitan area with a market capitalization of over $40 billion.