Farmers & Merchants Investments Inc. cut its holdings in shares of BlackRock, Inc. ( NYSE:BLK – Get Rating ) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,812 shares of the asset manager's stock after selling 853 shares during the quarter. Farmers & Merchants Investments Inc.'s holdings in BlackRock were worth $9,788,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also made changes to their positions in the business.

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