BlackRock chief Larry Fink sold $20 million worth of stock in the world's largest asset manager this week
- The CEO of the world's largest asset manager sold $20 million worth of stock on February 2.
- A regulatory filing showed Larry Fink sold 27,400 shares at an average price of $728.7 per share.
- BlackRock shares are up around 3% year-to-date.
BlackRock CEO Larry Fink sold $20 million worth of his stock this week, according to filings registered with the Securities and Exchange Commission.
The billionaire unloaded 27,400 shares at an average price of $728.7 per share on February 2, the filing showed. His recent stock sale has reduced his direct ownership of BlackRock shares by 3%. Fink still owns $560 million worth of stock in the world's largest asset manager, according to Bloomberg data.
A separate filing showed he disposed of $2 million worth of stock in January, selling 2,800 shares at an average price of $730 per share.
By July last year, Fink had dumped almost $75 million in the company after other executives sold stock in their own companies the same month, Bloomberg reported.
BlackRock shares are up around 3% so far this year.