DayMark Wealth Partners, LLC Trims Procter & Gamble Stake in Latest 13F Filing

DayMark Wealth Partners, LLC Trims Procter & Gamble Stake in Latest 13F Filing

DayMark Wealth Partners, LLC has recently disclosed its latest 13F filing, revealing a reduction in its stake in Procter & Gamble (NYSE: PG). The firm sold 8,070 shares of the consumer goods giant, maintaining its position at 3.12% of its overall portfolio. Despite the sell-off, Procter & Gamble remains a significant holding for DayMark Wealth Partners, LLC, with a market value of $72.25 million.

Deep Dive into the Trade

The latest filing indicates that DayMark Wealth Partners, LLC has opted for a minor adjustment in its Procter & Gamble position, selling 8,070 shares. This change did not impact the overall percentage of the stock within the portfolio, which remains steady at 3.12%. The current market value of the holding stands at $72.25 million, representing 0.02% of Procter & Gamble's total outstanding shares.

Procter & Gamble operates within the manufacturing sector, a cornerstone of the consumer staples industry. The company's diversified product portfolio and global reach make it a resilient choice for institutional investors. However, the decision to slightly decrease the holding could reflect a tactical reallocation or profit-taking strategy by DayMark Wealth Partners, LLC.

Market Context (SEO FAQ)

Why is DayMark Wealth Partners, LLC adjusting its position in Procter & Gamble?
While the exact rationale behind the adjustment is not disclosed, it could be part of a broader portfolio rebalancing strategy or a response to market conditions within the manufacturing sector.

How much of Procter & Gamble does DayMark Wealth Partners, LLC own?
As per the latest filing, the firm owns $72.25 million worth of Procter & Gamble stock, which accounts for 0.02% of the company's total outstanding shares.

Portfolio Impact

This move underscores DayMark Wealth Partners, LLC's commitment to maintaining a diversified portfolio while making tactical adjustments. With Procter & Gamble still representing 3.12% of its holdings, the company remains a core part of the firm's investment strategy.

For more details on DayMark Wealth Partners, LLC’s investment activities, view their full real-time portfolio and historical 13F data here.