XOP and PEO Reduced

By on June 10, 2021

Portfolio rebalancing

Portfolio rebalancing

Strength in energy related names has allowed an opportunity to reduce exposure in this sector. Adams Natural Resources Fund (PEO) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) were reduced in the SMA Portfolio yesterday.

PEO was sold at $16.65 and XOP was sold at $100.00, while each position was reduced by approximately 10 percentage points.

The portfolio allocations will be updated in the near future.

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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