UMB Bank n.a. trimmed its position in Novartis AG ( NYSE:NVS – Free Report ) by 0.9% during the second quarter, HoldingsChannel.com reports. The fund owned 12,226 shares of the company's stock after selling 108 shares during the quarter. UMB Bank n.a.'s holdings in Novartis were worth $1,234,000 at the end of the most recent reporting period. A number of other hedge funds have also added to or reduced their stakes in the company. Argent Advisors Inc. increased its stake in Novartis by 3.1% in the first quarter.

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