United Bankshares sees significant institutional investment

NFJ Investment Group LLC has acquired a new stake in United Bankshares, Inc. (UBSI). According to a recent 13F filing with the Securities and Exchange Commission, the firm purchased 63,924 shares during the second quarter, a transaction valued at approximately $2.93 million.

United Bankshares has seen significant activity from other major institutional investors. BlackRock Inc. acquired a position worth approximately $925.2 million in the second quarter, while Norges Bank purchased shares valued at $68.3 million in the fourth quarter. Other notable movements include acquisitions by Bank of New York Mellon Corp and Vaughan Nelson Investment Management L.P. Currently, institutional investors and hedge funds own approximately 70.8% of the company's stock.