Federated Investors co-founder and Chairman John Donahue has sold his direct holdings in the mutual fund firm, Barron’s reports. Donahue sold 208,797 shares of Federated for around $5 million.
With the latest sale, Donahue indirectly holds 569,880 shares of the firm through the John F Donahue and Rhodora J Donahue Joint Revocable Trust. He last sold Federated’s shares in 2008 for $9.6 million.
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