First Citizens Bank increases stake in Broadcom stock
1 report, 1 independent
Updated Wed 00:00
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What happened
First Citizens Bank & Trust Co. increased its stake in Broadcom Inc. by 36.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired an additional 56,991 shares, bringing its total holdings to 214,690 shares. At the end of the reporting period, these holdings were valued at $72,162,000.
From themarketsdaily.com
Why it matters
The increase reflects institutional investment activity in Broadcom, an American semiconductor manufacturer. Broadcom accounts for approximately 1.0% of First Citizens Bank & Trust Co.’s investment portfolio, making it the firm’s 19th largest holding.
From themarketsdaily.com
Who's involved
- BroadcomAmerican semiconductor manufacturer
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The entities involved
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Broadcom
American semiconductor manufacturer
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