Eastern Bankshares Draws $116 Million Allocation as Profits Hit $106 Million

On November 13, Florida-based HoldCo Asset Management disclosed a buy of 1.2 million shares of Eastern Bankshares (NASDAQ:EBC), increasing its position by approximately $36.79 million.According to a filing with the Securities and Exchange Commission (SEC) dated November 13, HoldCo Asset Management increased its stake in Eastern Bankshares (NASDAQ:EBC) by acquiring 1.2 million additional shares in the third quarter. The value of the EBC position rose to $116.32 million at quarter-end, positioning it as the fund’s fourth-largest equity holding.EBC represented about 12.28% of HoldCo’s 13F AUM as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool