Top 5 2nd Quarter Trades of Independence Bank of Kentucky

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Jul 06, 2022
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Independence Bank of Kentucky recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

PO BOX 948 OWENSBORO, KY 42302-0948

As of the latest 13F report, the guru’s equity portfolio contained 420 stocks valued at a total of $223.00Mil. The top holdings were SPY(5.64%), AAPL(4.18%), and VOO(2.70%).

According to GuruFocus data, these were Independence Bank of Kentucky’s top five trades of the quarter.

Vanguard S&P 500 ETF


During the quarter, Independence Bank of Kentucky bought 7,519 shares of ARCA:VOO for a total holding of 17,325. The trade had a 1.17% impact on the equity portfolio. During the quarter, the stock traded for an average price of $375.84.

On 07/06/2022, Vanguard S&P 500 ETF traded for a price of $350.77 per share and a market cap of $247.08Bil. The stock has returned -10.69% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, Vanguard S&P 500 ETF has a price-earnings ratio of 20.04 and a price-book ratio of 3.84.

S&P 500 ETF TRUST ETF


During the quarter, Independence Bank of Kentucky bought 6,438 shares of ARCA:SPY for a total holding of 33,346. The trade had a 1.09% impact on the equity portfolio. During the quarter, the stock traded for an average price of $408.8.

On 07/06/2022, S&P 500 ETF TRUST ETF traded for a price of $381.6145 per share and a market cap of $349.96Bil. The stock has returned -10.68% over the past year.

GuruFocus gives the ETF a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, S&P 500 ETF TRUST ETF has a price-earnings ratio of 20.06, a price-book ratio of 3.83, a price-earnings-to-growth (PEG) ratio of 2.39, a EV-to-Ebitda ratio of 13.77 and a price-sales ratio of 2.78.

The price-to-GF Value ratio is 0.00, earning the stock a GF Value rank of 7.

iShares U.S. Preferred Stock


Independence Bank of Kentucky reduced their investment in NAS:PFF by 29,550 shares. The trade had a 0.43% impact on the equity portfolio. During the quarter, the stock traded for an average price of $33.61.

On 07/06/2022, iShares U.S. Preferred Stock traded for a price of $32.89 per share and a market cap of $15.21Bil. The stock has returned -12.49% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

Invesco Preferred ETF


During the quarter, Independence Bank of Kentucky bought 57,925 shares of ARCA:PGX for a total holding of 107,360. The trade had a 0.32% impact on the equity portfolio. During the quarter, the stock traded for an average price of $12.49.

On 07/06/2022, Invesco Preferred ETF traded for a price of $12.44 per share and a market cap of $5.46Bil. The stock has returned -14.83% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, Invesco Preferred ETF has a price-earnings ratio of 4.49 and a price-book ratio of 0.66.

Vanguard Total International Stock


During the quarter, Independence Bank of Kentucky bought 13,766 shares of NAS:VXUS for a total holding of 41,540. The trade had a 0.32% impact on the equity portfolio. During the quarter, the stock traded for an average price of $54.99.

On 07/06/2022, Vanguard Total International Stock traded for a price of $50.37 per share and a market cap of $45.10Bil. The stock has returned -20.44% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, Vanguard Total International Stock has a price-earnings ratio of 12.43 and a price-book ratio of 1.59.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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