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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InLedyard National Bank adjusted its investment portfolio by reducing its stake in Broadcom Inc. (AVGO) during the third quarter. The bank sold 4,345 shares, marking a 3.1% decrease in its holdings of the company. Following the sale, Ledyard National Bank now holds 136,567 shares of Broadcom, valued at approximately $45.05 million. This adjustment comes as hedge funds and institutions collectively own a significant 76.43% of Broadcom's stock. Minor portfolio rebalances are common among institutional investors and typically do not signal a major shift in market sentiment. Analysts view this specific transaction as a routine adjustment with limited impact on Broadcom's overall market performance.