Applied Capital LLC FL Adds 24,706 Shares of Toronto-Dominion Bank Worth $1.6 Million in Its Investment Portfolio
Applied Capital LLC FL has recently added a new position to its investment portfolio by acquiring 24,706 shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) worth approximately $1.6 million, according to the company’s recent Form 13F filing with the Securities & Exchange Commission.
The acquisition has made the bank one of Applied Capital LLC FL’s top 30 biggest positions with about 1.6% inclusion in its investment portfolio. This news comes amidst the bank’s consistent efforts to provide various financial products and services across Canada, the United States, and internationally through its three segments – Canadian Retail, U.S. Retail, and Wholesale Banking.
The company offers personal deposits such as savings accounts and investment products to facilitate individuals’ day-to-day banking while also providing financing options at point-of-sale for automobile and recreational vehicle purchases.
On Wednesday, TD stock opened at $59.97 with a market capitalization of $110.32 billion, making it one of the most valuable assets under Applied Capital LLC FL’s wingspan in terms of worth. With a P/E ratio of 10.06 and a price-to-earnings-growth ratio of 1.56, investors are assured that they are investing their money wisely.
Amidst fluctuating economic situations globally affecting firms’ success trajectories in adverse ways, having an asset like TD with its stable-moving averages – currently standing at $59.94 for fifty days simple moving average and $63.12 for two-hundred day simple moving average – is highly coveted for investment portfolios.
As the world navigates through an economic shift amid the pandemic, TD’s strong presence in multiple markets and effective management of current assets has made it a promising opportunity for investment firms like Applied Capital LLC FL looking to not only secure their clients’ investments but also yield optimal returns.