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Avalon Trust Co Lowers Stock Holdings in Broadcom Inc. $AVGO
Avalon Trust Co decreased its stake in Broadcom Inc. by 1.5% in Q3, selling 5,148 shares and retaining 335,423 shares valued at approximately $110.66 million. Despite this trimming, Broadcom remains the third-largest position in Avalon’s portfolio, representing 7.2% of its holdings. The semiconductor manufacturer recently reported an EPS beat and increased its quarterly dividend, though it faces valuation concerns and significant insider selling.