Diversify Advisory Services, LLC Reduces Stake in OP Bancorp: 13F Filing Update

Diversify Advisory Services, LLC Reduces Stake in OP Bancorp: 13F Filing Update

In its latest SEC 13F filing, Diversify Advisory Services, LLC disclosed a reduction in its position in OP Bancorp (NASDAQ: OPBK). The firm sold approximately 6,600 shares of the regional banking company, representing a 0.04% decrease in its holdings. Despite this adjustment, OP Bancorp remains a significant part of the portfolio, accounting for 1.65% of its total investments.

Deep Dive into the Trade

As of the most recent filing, Diversify Advisory Services, LLC holds OP Bancorp shares valued at $25.64 million. This reduction brings the firm’s total ownership in OP Bancorp to 12.32% of the company’s outstanding shares. The banking sector, particularly regional banks like OP Bancorp, has faced various challenges in recent quarters, potentially influencing this portfolio adjustment.

Market Context: Why the Adjustment?

Investors may wonder, Why is Diversify Advisory Services, LLC reducing its position in OP Bancorp? The decision could stem from broader market trends affecting the banking industry, such as rising interest rates and regulatory shifts, or it may reflect internal portfolio rebalancing strategies. Despite the reduction, the firm’s significant ownership stake underscores its continued confidence in OP Bancorp’s long-term prospects.

Portfolio Impact

This move slightly reduces OP Bancorp’s weight in Diversify Advisory Services, LLC’s portfolio, now comprising 1.65% of its holdings. The adjustment aligns with the firm’s strategy to optimize its portfolio while maintaining a notable stake in the banking sector.

Explore More

For a deeper look into Diversify Advisory Services, LLC’s investment strategies and full portfolio, view their real-time portfolio and historical 13F data here.