Vanguard Group, a major investment fund and with more than $3 trillion invested under management, has boosted its stake in Dolby Labs.
The fund now has some $385 million invested in Dolby. Vanguard Group raised its stake in Dolby Laboratories by 4 per cent during Q3, according to the company in its most recent Form 13F filing with the SEC.
Vanguard owned 5,508,279 shares of the electronics maker’s stock after acquiring an additional 209,633 shares during the period. Vanguard Group now owns approximately 5.31 per cent of Dolby Laboratories worth $385,415,000 as of its most recent SEC filing.
Overall, some 56 per cent of Dolby Labs is now owned by hedge funds and other investors.
Dolby’s Q1 results, issued on January 30th saw total revue of $302 million (and which included licensing revenue of $260 million) and up slightly on the same period last year ($300 million).