Ameritas Advisory Services LLC reduced its holdings in shares of Starbucks Co. ( NASDAQ:SBUX – Free Report ) by 28.5% in the second quarter, Holdings Channel reports. The institutional investor owned 6,663 shares of the coffee company's stock after selling 2,659 shares during the period. Ameritas Advisory Services LLC's holdings in Starbucks were worth $640,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business.

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