Included below is a link to a recent Bulletin from one of our Investment Counsellors, BCV, outlining a series of trades that were executed in certain client accounts earlier this week. In these transactions, existing positions in McDonald’s Corporation were sold, with the proceeds reinvested in Starbucks Corporation and Bank of America Corporation.
Starbucks is a recent addition to BCV’s United States Equity Model Portfolio, meaning that most transactions were initial investments in this company. Bank of America is an existing name in BCV’s United States Equity Model Portfolio, meaning that the transactions were both additions to existing positions and initial investments in this company, depending on the client’s pre-existing holdings. These transactions were only executed in portfolios that held McDonald’s shares.
If you have any additional questions about these companies or these transactions, please do not hesitate to contact us and we can put you in touch with a member of the BCV Portfolio Management team.