But only 28% of her shares. It's still her third largest position at 6.5% of her portfolio.
I also sold some shares in IRA #4.
Merger discussion with RAI have moved the stock from 50 to 60 this year.
And she added to her holding in KEYCORP NEW PFD 7.75% SR A KEY/PRG. It has a 6% yield but just went XD today. She paid $128.50/share.
Cv into 7.0922 of KEY
I think in general the convertible preferreds are one of the most attractive parts of the market today. Own a couple myself and theres often only a small premium between the preferreds and the underlying.
u say Grama has some special stock picking talent eh axp ... she is above & beyond all the other equity pickers? a Math genius perhaps?
Grama must surely be rich!
pls allow me to give Grams a hug! she definitely deserves it...
In my Roth IRA I sold some LO and put 25% of the proceeds in BRKB at 127.40/share. The balance was used to sell cash secured put options against another stock.
More BRK will be bought on any correction. BRKB now makes up just 3% of the assets in this account.