T. Rowe Price lowers stake in Tesla

Market trading boards are seen at the Australian Securities Exchange in Sydney, Friday, February 9, 2018. ( AAP Image/Ben Rushton) NO ARCHIVING

T. Rowe Price has cut down its stake in Tesla Inc. TSLA, +3.54% to 5.2%, or 8.977 million shares, according to a filing Monday. The institutional investor held a 10.1% stake, or 17.38 million shares, at the end of September, the latest reporting period, according to FactSet. T. Rowe Price also tweaked higher its stake in Tapestry Inc. TPR, +2.92% formerly Coach, to 10% from 9.9%, and lowered its stake in Canada Goose Holdings Inc. GOOS, +2.46% to 10.2% from 12.4%, among other changes. Tesla shares rose 3.3% in midday trading Monday and are 1.8% higher in the past 12 months, which compares with gains of 3.5% for the S&P 500 index. SPX, +0.12%

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