Mutual Fund Morning

Fund Holders Score in Bank Deal

 

Massachusetts Financial Services Co is the second biggest fund firm holder of Bank of New York, with a collective stake of 3.315%. (MFEBX)MFS Value Fund has 2.27 million shares, (MSFRX)MFS Total Return Fund has 1.75 million shares, and (MFRFX)MFS Research Fund has 1.64 million shares.

Barclays Global Investors UK Holdings Ltd's funds collectively hold 3.079% of Bank of New York. iShares S&P 500 Index Fund (IVV) has 1.09 million shares, iShares 1000 Value Index Fund (IWD) has 879,054 shares, and iShares S&P 500 Barra Value Index Fund (IVE) has 522,060 shares.

UBS Global Asset Management is the biggest mutual fund investor in Mellon, with a collective stake of 9.082%, according to TheStreet.com Ratings. No breakdown of holdings by individual fund was available, however.

Among other major fund investors, the T.Rowe Price Group's funds collectively hold 3.498% of Mellon. (PRFDX )T.Rowe Price Equity Income Fund has 6.38 million shares, followed by (TRVLX)T.Rowe Price Value Fund with 820,000 shares and (TRBCX)T.Rowe Price Blue Chip Growth Fund with 680,000 shares.

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Allison Bisbey Colter joined TheStreet.com in 2006 from the New York office of Dow Jones Newswires, where she spent the previous seven years covering consumer finance, mutual funds and hedge funds. Prior to that, she worked in Europe for Dow Jones covering transportation from London and Italian capital markets from Milan. She is a graduate of Wesleyan University, where she received a BA in government.

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