EP Wealth Advisors LLC Cuts Stake in DoorDash, Inc. $DASH

Key Takeaways:

• EP Wealth Advisors reduced its DoorDash holdings by 1.1%.
• The firm sold 64 shares during the first quarter.
• EP Wealth Advisors now holds 5,596 shares of DoorDash.
• DoorDash is listed on NASDAQ under the symbol DASH.
• The transaction was reported to the SEC.

Background on EP Wealth Advisors LLC

EP Wealth Advisors LLC recently disclosed to the Securities and Exchange Commission (SEC) that it has trimmed its stake in DoorDash, Inc. According to the filing, the investment firm reduced its holdings by approximately 1.1% in the first quarter of the year.

Detailing the Stake Reduction

The reduction in shares amounted to a sale of 64 DoorDash shares, leaving EP Wealth Advisors with 5,596 remaining shares. While this transaction demonstrates a slight decrease in the overall position, such updates are routinely filed with the SEC to provide transparency to investors and regulators.

DoorDash and Its NASDAQ Listing

DoorDash, traded on the NASDAQ under the symbol DASH, has been a frequent subject of investor interest. The company operates in the food delivery and logistics sector, and any changes in institutional ownership can often play a role in market perceptions.

Observations

Though the drop of 64 shares signals a minor reduction, it provides a snapshot of how some firms are managing their holdings. With each update to the SEC, investors and industry observers gain a clearer perspective on how major institutions are aligning their portfolios.