Why a Major Investor Cut IES Holdings Exposure by $12 Million Amid a Big Stock Rally

On November 13, New York-based JB Capital Partners disclosed in a U.S. Securities and Exchange Commission filing that it sold 41,004 shares of IES Holdings (NASDAQ:IESC), reducing its position by $12.06 million.According to a filing with the SEC dated November 13, JB Capital Partners LP sold 41,004 shares of IES Holdings during the third quarter. The transaction reduced its stake to just 841 shares with a quarter-end value of $334,424. The transaction left IES Holdings at just 0.06% of JB Capital Partners LP’s reportable AUM after the quarter. The position previously accounted for 2.3% of the fund’s assets under management as of June 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool