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Highland Capital Management buys into Brighthouse Financial, while another firm sells off shares, despite the company's revenue increase.
Highland Capital Management invested $285,000 in Brighthouse Financial by buying 4,908 shares, while Wealth Enhancement Advisory Services sold 5,355 shares, reducing their holdings by 14.3%.
Brighthouse Financial, which offers annuity and life insurance products, saw a 6.1% increase in quarterly revenue but missed earnings estimates.
Institutional investors own 81.24% of the company's stock.
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Highland Capital Management compra Brighthouse Financial, mientras que otra firma vende acciones, a pesar del aumento de los ingresos de la compañía.