Portfolios trade

Our Growth and Equity Income portfolios have made some trades.

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.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

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