Bryn Mawr diversifies holdings.
Bryn Mawr Trust expands portfolio with new stakes in RTX, CME, and diverse sectors.
Key Points
RTX Corporation is Bryn Mawr Trust Advisors LLC's 18th biggest position in its portfolio.
RTX also announced a quarterly dividend of $0.73 per share, with a record date of Aug. 14 and a payment date of Sept. 3, implying an annualized dividend of about $2.92.
Dollar General has a high level of institutional ownership, with 91.77% of its stock owned by institutional investors.
CME Group saw sizable Q2 buying from major funds, including Marshall Wace LLP adding 121,707 shares and Federated Hermes Inc. increasing by 21,918 shares.
Hewlett Packard Enterprise insider activity included SVP Kirt P. Karros selling 18,785 shares on June 22 under a pre-arranged 10b5-1 plan for about $911k.
Bryn Mawr Trust Advisors LLC made five new stock investments in the second quarter, spanning defense, retail, financial services, healthcare, and technology. The firm's largest new bet was on RTX Corporation, where it bought 122,831 shares worth roughly $23.3 million, according to Ticker Report.
The moves signal a broad, multi-sector strategy rather than a concentrated wager on any single industry. The other four new positions — Dollar General, CME Group, Becton Dickinson, and Hewlett Packard Enterprise — ranged from about $5.3 million to $10.7 million each, per Ticker Report.
RTX Becomes Bryn Mawr's 18th Largest Holding
RTX Corporation is now the 18th biggest position in Bryn Mawr's portfolio, representing roughly 1% of its total holdings. The firm paid about $23.3 million for its 122,831-share stake, making it the standout purchase of the quarter, according to Ticker Report.
RTX also rewarded shareholders with a quarterly dividend of $0.73 per share. That works out to about $2.92 per year. The record date is August 14 and the payment date is September 3.
CME Group Attracts a Wave of Institutional Buyers
Bryn Mawr was not alone in buying CME Group shares. Major funds also added to their positions in Q2. Marshall Wace LLP picked up 121,707 new CME shares. Federated Hermes Inc. increased its stake by 21,918 shares, per Ticker Report.
Bryn Mawr's own CME stake came to 48,505 shares, valued at about $10.7 million. The broad institutional interest suggests growing confidence in the futures exchange operator heading into the second half of the year.
Dollar General Draws Buyers as Institutions Dominate Its Stock
Bryn Mawr bought 88,342 shares of Dollar General for roughly $10.2 million. The discount retailer carries very high institutional ownership — 91.77% of its shares are held by institutional investors, according to Ticker Report.
That level of institutional control means large funds drive most of the price action in Dollar General's stock. Bryn Mawr's entry adds it to a crowded but committed group of professional investors backing the retail chain.
Hewlett Packard Enterprise Insider Sells Ahead of New Stake
Bryn Mawr put about $5.3 million into 117,419 shares of Hewlett Packard Enterprise. The position is the firm's smallest of the five new buys. It comes even as an HPE insider was selling shares at the same time.
SVP Kirt P. Karros sold 18,785 HPE shares on June 22 for roughly $911,000. The sale was made under a pre-arranged 10b5-1 plan — a legal structure that lets executives sell shares on a set schedule to avoid conflicts of interest, per Ticker Report.
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