Davenport Asset Management, Davenport & Company LLC’s boutique money management arm responsible for overseeing the firm’s lineup of mutual funds and separate accounts, has introduced the Davenport Insider Buying Fund (DBUYX), a new proprietary, no-load mutual fund that utilizes insider buying activity as a key driver for its investment strategy.
The Insider Buying Fund anticipates holding approximately 30 to 40 companies that are diversified across sectors and market caps. Position sizes typically will be in the 2 to 4 percent range, and the S&P 500® Index will serve as the benchmark.
For more information about DBUYX or other Davenport Asset Management strategies, visit www.investdavenport.com/am.
Headquartered in Richmond, Davenport & Company LLC has 24 locations in Virginia, North Carolina, Georgia and Maryland. Locally, the firm has offices in Kilmarnock, Williamsburg and Newport News.
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