First Trust Advisors LP lessened its position in Molson Coors Beverage ( NYSE:TAP – Get Rating ) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,830,467 shares of the company's stock after selling 32,940 shares during the period. First Trust Advisors LP owned about 0.85% of Molson Coors Beverage worth $87,844,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also modified their holdings of the company.

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