New York State Common Retirement Fund Sells 20,458 Shares of Vaxxinity, Inc. (NASDAQ:VAXX)

The New York State Common Retirement Fund (NYSCRF) has recently sold 20,458 shares of Vaxxinity, Inc. (NASDAQVAXX). This news was announced by the NYSCRF on August 17th, 2022.

The NYSCRF is a public pension fund that manages retirement benefits for state employees and retirees in New York State. The fund has over $200 billion in assets under management and invests in a diversified portfolio of stocks, bonds, and other securities to generate returns for its beneficiaries.

Vaxxinity, Inc. is a biopharmaceutical company that specializes in the development and commercialization of vaccines and treatments for infectious diseases. The company was founded in 2016 and has its headquarters in New York City.

It's important to note that the sale of shares by the NYSCRF does not necessarily indicate any negative sentiment towards the company, but rather reflects the fund's ongoing investment strategy and risk management practices. The NYSCRF may have sold these shares for a variety of reasons, such as rebalancing its portfolio or taking profits from a particular investment.

It's also worth noting that the sale of these shares does not affect the overall performance of Vaxxinity, Inc. or the NASDAQ stock market as a whole. The company's financial health and future prospects will continue to be influenced by a variety of factors, including its research and development efforts, regulatory environment, and competitive landscape.