Novonix (ASX:NVX) shareholder Bank of New York Mellon cut its stake in the company to about 129.3 million shares, or 13.04% voting power, according to a Wednesday filing with the Australian bourse.
Bank of New York Mellon previously held about 135.9 million shares, representing voting power of 15.79%.
Novonix shares fell 3% in recent Wednesday trade, hitting an all-time low.