Scorpio Tankers Reduced

By on June 23, 2021

Scorpio Tankers ChartThe allocation to Scorpio Tankers (STNG) held in the SMA portfolio was reduced slightly. STNG is now 2.9% of the portfolio; down from 3.0%.

A portion of STNG was sold at $23.35 to reach the new allocation. The proceeds increased the cash allocation.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. All investors are advised to conduct their own independent research into individual stocks, closed-end funds, mutual funds, and exchange traded funds or any other investment vehicle before making a purchase decision. In addition, investors are advised that past performance has demonstrated no relation to future performance. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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