Cadinha Adds $16 Million GE Stake as Aerospace Stock Surges Toward New Highs

Hawaii-based wealth advisory Cadinha & Co. disclosed a purchase of 59,106 General Electric shares for an estimated $16.2 million during the third quarter in an SEC filing last Thursday.According to an SEC filing, Cadinha increased its position in General Electric (NYSE:GE) by 59,106 shares during the third quarter. The estimated transaction value, based on the average market price over the quarter, was approximately $16.2 million. The fund reported holding 97,280 shares with a market value of $29.3 million at the end of the quarter.General Electric now accounts for nearly 4% of Cadinha's 13F reportable assets under management as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool