Investment firms are constantly adjusting their portfolios, and recent filings with the Securities and Exchange Commission (SEC) offer a glimpse into these strategic moves. Mutual of America Capital Management LLC has been particularly active, adjusting its holdings in several key companies during the fourth quarter.
Halliburton and American Water Works
According to its latest 13F filing, Mutual of America Capital Management LLC trimmed its position in Halliburton (NYSE:HAL) by 3.2%. This resulted in the sale of 3,468 shares, leaving the fund with 105,228 shares of the oilfield services company. The filing was made publically available through the SEC.
The firm also decreased its investment in American Water Works Company, Inc. (NYSE:AWK) by 2.7%. This involved selling 648 shares, bringing their total holdings down to 23,344 shares. These moves suggest a potential shift in investment strategy within the utilities sector.
Church & Dwight Co., Inc.
Mutual of America Capital Management LLC significantly reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD), the maker of Arm & Hammer products, by a substantial 23.8%. This translates to the sale of 9,175 shares, leaving the firm with 29,309 shares. The decision to reduce stake so dramatically may reflect concerns about the consumer goods sector, or other strategic considerations from Mutual of America.
Principal Financial Group Invests in Water Solutions
While Mutual of America was adjusting its portfolio, Principal Financial Group Inc. was making moves of its own. The company increased its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 7.9% during the fourth quarter, according to its recent filing with the SEC. This involved the purchase of 3,412 additional shares, bringing their total holdings to 46,781 shares. This investment may reflect optimism in the water management sector.
It's important to note that these filings represent only a snapshot in time, and investment strategies can change rapidly. Investors should always conduct their own thorough research before making any investment decisions.
"These investment decisions are based on a variety of factors, including market conditions, company performance, and long-term growth potential," says a financial analyst.
As always, these investment decisions are complex and multifaceted. It is recommended to consult with a financial advisor before making any investment decisions.