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Rhumbline Advisers Sells 15,602 Shares of Gilead Sciences, Inc. $GILD
Rhumbline Advisers reduced its stake in Gilead Sciences (NASDAQ:GILD) by 0.7% in the third quarter, selling 15,602 shares. Despite this, other institutional investors like Vanguard Group Inc., Geode Capital Management LLC, and Invesco Ltd. increased their positions in the biopharmaceutical company. Gilead Sciences recently announced a dividend increase and reported earnings that beat analyst estimates, although its FY 2026 guidance was below consensus, leading to some negative market reaction.