Ann: Change in substantial holding, page-2

Bad sign
3rd largest bank in US Wellington with $1.2T assets under management offloading at $3.21-3.47 reducing from 6% to 5.1% with weekly trading and large net seller for last 3 months.

Sold 3M shares in 10 days since 28 Dec to now.
Big offload of 2M on 5 Jan at $3.47
Bigger offload 4.5M at $3.21 on 10-13 Nov.

Looks like they have decided for last few months to take profits above 3.20 & above 3.45.
Its a signal they think WSA is going overbought since the $2 lows but its the volume of sells that are remarkably high.

If other Instos take their lead, may lose steam around $3.20-$3.60