SeaCrest Wealth Management LLC Sells 714 Shares of Costco Wholesale Corporation $COST

Key Takeaways:

• SeaCrest Wealth Management sold 714 shares of Costco in Q2.
• The move amounted to a 6.8% reduction in its Costco position.
• SeaCrest now owns 9,740 shares of the retailer.
• Costco Wholesale represents 1.0% of the firm’s total portfolio.
• The information was disclosed by HoldingsChannel.

The Share Sale

SeaCrest Wealth Management LLC recently adjusted its investment portfolio by reducing its stake in Costco Wholesale Corporation. According to filings from the second quarter, the firm sold 714 shares of Costco, prompting a 6.8% decrease in its position.

Holding Details

Following this transaction, SeaCrest’s total holdings in Costco now stand at 9,740 shares. This shift reflects a measured scale-back of the firm’s Costco investment while still retaining a notable position in the retailer’s stock.

Portfolio Significance

Despite the sale, Costco Wholesale remains a part of SeaCrest’s broader portfolio strategy, representing 1.0% of the wealth management firm’s overall holdings. The update offers a snapshot of how the company balances its investments within the dynamic retail sector.

Reported by HoldingsChannel

The information about SeaCrest’s latest move was made available through HoldingsChannel, providing transparency into the decision-making process of institutional investors. While no further details were disclosed regarding the reasons for the sale, the update underscores how large firms manage their stake in major companies like Costco.