Larry Fink sells 7% of his BlackRock stake

BlackRock Inc.
BLK,
+0.16%
Chief Executive Larry Fink sold 35,799 BlackRock shares on Tuesday, according to a regulatory filing, garnering about $25 million in proceeds. That’s equal to about 7% of Fink’s stake in the company. The deal was executed in three trades at prices ranging from $694.00 to $696.35, according to the filing. The stock is down 1.7% in the year to date, while the S&P 500
SPX,
-0.60%
has gained 8%.