Here’s Why Harding Loevner Sold its Exxon Mobil Corp. (XOM) Holdings
Harding Loevner, an investment management firm, published its “Global Equity Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 1.68% was recorded by the fund for the Q1 of 2021, trailing the benchmark, which returned 4.68%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Harding Loevner, in its Q1 2021 investor letter, mentioned Exxon Mobil Corporation (NYSE: XOM), and shared their insights on the company. Exxon Mobil Corporation is a Irving, Texas-based natural gas company that currently has a $264.3 billion market capitalization. Since the beginning of the year, XOM delivered a 51.46% return, while its 12-month gains are up by 35.19%. As of May 07, 2021, the stock closed at $62.43 per share.
Clough Global Equity Fund Announces Rights Offering
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DENVER, May 10, 2021 /PRNewswire/ The Board of Trustees of the Clough Global Equity Fund ( GLQ or the Fund ) has authorized and set the terms for a transferable rights offering ( the Offering ).
Shareholders of record as of May 25, 2021 ( Record Date ) will receive one transferable right for every share held. For every three rights, rights holders can subscribe for one new share of common stock at the subscription price.
Subscription price will be calculated as the higher of 95% of market price or 85% of net asset value ( NAV ) on expiration date. Market price per common share will be determined based on the average of the last reported sales prices of a common share on the NYSE American for the five trading days preceding the Expiration Date (not including sales price on the Expiration Date). Expiration Date is expected to be June 22
Harding Loevner Exited its Proto Labs Inc. (PRLB) Position, Here’s Why
Harding Loevner, an investment management firm, published its “Global Equity Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 1.68% was recorded by the fund for the Q1 of 2021, trailing the benchmark, which returned 4.68%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Harding Loevner, in its Q1 2021 investor letter, mentioned Proto Labs, Inc. (NYSE: PRLB), and shared their insights on the company. Proto Labs, Inc. is a Maple Plain, Minnesota-based digital manufacturing source for rapid prototyping and on-demand production that currently has a $2.8 billion market capitalization. Since the beginning of the year, PRLB delivered a -33.89% return, while its 12-month gains are down by -2.30%. As of May 07, 2021, the stock closed at $101.41 per share.