The Intelligent Investor Growth Portfolio has reduced its holding in Computershare by 2.3% to 3.6% at $14.54. It has used the proceeds, plus some cash, to buy a 3.5% weighting in Navitas at $4.43, and to increase its holding in TPG Telecom by 1% to 3.6%.
The Intelligent Investor Equity Income Portfolio has sold its 1.4% holding in Ainsworth Game Technology at $2.36 and reduced its holding in Computershare by 2.0% to 3.6% at $14.54. It has used the proceeds to buy a 3.5% weighting in Navitas at $4.43.
Computershare remains a Hold, but with our holdings approaching 6% of each portfolio and the price getting towards the upper end of our Hold range, we thought it appropriate to take some profit. Ainsworth also remains a Hold, but has cut its dividend, so we'd rather hold Navitas in the Equity Income Portfolio, partly due to its dividend yield of 4.3%.
Find out how you can invest directly in these and other Intelligent Investor and InvestSMART portfolios by clicking here.