Wealth Advisory Sells $15 Million in Delta Stock as Airline Lags Market Rally

Florida-based wealth advisory J. L. Bainbridge & Co. Inc. reported a sale of 258,492 Delta Air Lines shares for an estimated $14.8 million in the third quarter.According to a filing with the U.S. Securities and Exchange Commission released on Friday, J. L. Bainbridge & Co. reduced its stake in Delta Air Lines (NYSE:DAL) by 258,492 shares in the third quarter. The estimated transaction value, based on the average closing price in the quarter, was approximately $14.8 million. Following the trade, the fund held 509,256 shares of Delta Air Lines.The sale reduced Delta Air Lines to 2.4% of the fund’s 13F reportable assets under management.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool