Bryn Mawr Trust Advisors LLC raised its position in Exxon Mobil Corporation (NYSE: XOM) during the third quarter, acquiring an additional 4,837 shares. Following this purchase, the firm held a total of 119,595 shares, as reported in its latest Form 13F filing with the Securities and Exchange Commission.
The increase reflects a modest growth in the investment stake within the oil and gas company over the quarter.
**Why this matters**
Changes in institutional holdings can signal shifts in investor confidence or strategy regarding a company. Bryn Mawr Trust Advisors’ increased stake may indicate a positive outlook on Exxon Mobil’s future performance or valuation.