Rhumbline Advisers Trims Stakes in Fastenal and Electronic Arts During Q3

Rhumbline Advisers reported a reduction in its equity positions in both Fastenal Company (FAST) and Electronic Arts (EA) during the third quarter. The investment firm lowered its stake in Fastenal by 2.2%, bringing the total value of its holding to approximately $121.90 million. Similarly, Rhumbline trimmed its position in Electronic Arts by 3.2%, with its remaining shares valued at $107.86 million. These adjustments appear to be part of a routine portfolio rebalancing strategy rather than a shift in long-term outlook. Despite the reductions, both companies continue to offer steady returns, with Fastenal recently increasing its quarterly dividend to $0.24 per share. Electronic Arts also maintained its shareholder returns, announcing a quarterly dividend of $0.19 per share.