Fri Sep 20 07:14:49 UTC 2024: ## Commonwealth Equity Services Cuts WSFS Financial Holdings, Other Funds Make Changes

**Wilmington, DE** – Commonwealth Equity Services LLC reduced its stake in WSFS Financial Co. (NASDAQ: WSFS) by 28.8% in the second quarter, according to the firm’s recent 13F filing with the Securities and Exchange Commission. The move comes as several other hedge funds have adjusted their positions in the bank.

Commonwealth Equity Services LLC now holds 14,971 shares of WSFS Financial, valued at $704,000. This follows a sale of 6,041 shares during the quarter.

Other notable changes include Vanguard Group Inc. increasing its stake in WSFS Financial by 5.3% in the first quarter, bringing its total holdings to 7,338,200 shares worth $331,246,000. Franklin Resources Inc. also grew its position by 8.8% in the fourth quarter, now owning 2,886,034 shares valued at $132,556,000.

Champlain Investment Partners LLC increased its holdings by 14.1% in the first quarter, while Norges Bank bought a new position in WSFS Financial in the fourth quarter valued at $31,369,000. Charles Schwab Investment Management Inc. boosted its stake by 4.7% in the fourth quarter.

Institutional investors now own 88.49% of the company’s stock.

In other news, WSFS Financial EVP Stephen P. Clark sold 12,663 shares of the company’s stock on July 30th, for a total value of $715,712.76. Company insiders own 1.29% of the company’s stock.

WSFS Financial reported earnings of $1.08 per share for the quarter ended July 25th, exceeding analyst estimates by $0.04. The company also announced a quarterly dividend of $0.15 per share.

WSFS Financial operates as the savings and loan holding company for Wilmington Savings Fund Society, FSB. The company provides banking services in the United States through three segments: WSFS Bank, Cash Connect, and Wealth Management.

**Disclaimer**: This news article is based on information publicly available and should not be considered financial advice.

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