Evergreen Capital Management LLC recently increased its holdings in ING Group, N.V. by 13.2%, adding 4,701 shares. This acquisition brings the firm’s total to 40,217 shares, according to a first-quarter filing with the SEC.
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Evergreen Capital Management LLC Grows Stock Position in ING Group, N.V. $ING
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Key Takeaways:
- Evergreen Capital Management LLC expanded its ING position by 13.2%
- The investment firm added 4,701 shares in the first quarter
- Its total shares in ING Group now stand at 40,217
- The findings are based on Evergreen’s latest 13F filing with the SEC
Introduction
Evergreen Capital Management LLC has raised its position in ING Group, N.V. This development was disclosed in the firm’s most recent 13F filing with the U.S. Securities and Exchange Commission, providing a snapshot of its updated portfolio.
Growth in ING Shareholding
Evergreen’s decision to boost its stake reflects a 13.2% increase over the previous quarter. Specifically, the firm purchased an additional 4,701 shares, bringing its total holdings to 40,217. The timing of this acquisition in the first quarter highlights ongoing adjustments to the firm’s investment strategy.
Inside the 13F Filing
A 13F filing is a regulatory requirement for institutional investment managers overseeing at least $100 million in assets. By consulting the documents, observers gain insight into the latest shifts and trends in these institutions’ holdings. In Evergreen’s case, the filing validates the move to enlarge its ING position.
Conclusion
Evergreen Capital Management LLC’s expanded relationship with ING Group, N.V. indicates continued confidence in this financial services provider. Although the long-term implications remain to be seen, the 13.2% increase underscores the firm’s active engagement in refining its investment portfolio.
