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On 03/15/23 at 3:10 PM, the Fund bought 400 shares of Wells Fargo. The Fund used the proceeds from the Comerica sale to purchase right into a place with Wells Fargo. The Fund paid $39.51 per share together with transaction charges of $1 per share. Complete funding was $15,804. The Fund now holds 500 shares of Wells Fargo.
The present place of Wells Fargo on 03/17/23 previous to market opening is 500 shares at $39.29 much less $1 per share transaction payment on the sale locations the overall valuation at $19,145.00. Foundation within the place, together with prices to buy, equals $20,071.50. To this point, throughout tais banking disaster over the previous few days, Wells Fargo’s market value has dipped to $38.41. Thus, an affordable worse case valuation for this place is round $18,600. Due to this fact, the present place will add worth as soon as the share value hits $42 per share. In the course of the previous yr, the market value for Wells Fargo peaked to $54/share.
This stronger place in Wells Fargo will serve the Fund nicely over the subsequent yr. Act on Information.
© 2023, David J Hoare MSA. All rights reserved.
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