Tradition Capital Management Lowers stake in Univest Corp. of PA (UVSP)

Univest Corp. of PA (UVSP) : Tradition Capital Management reduced its stake in Univest Corp. of PA by 2.04% during the most recent quarter end. The investment management company now holds a total of 74,779 shares of Univest Corp. of PA which is valued at $1,618,965 after selling 1,561 shares in Univest Corp. of PA , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Univest Corp. of PA makes up approximately 0.53% of Tradition Capital Management’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk boosted its stake in UVSP in the latest quarter, The investment management firm added 249,980 additional shares and now holds a total of 738,505 shares of Univest Corp. of PA which is valued at $15,988,633. Univest Corp. of PA makes up approx 0.06% of Aberdeen Asset Management Plcuk’s portfolio.Creative Planning reduced its stake in UVSP by selling 15,000 shares or 91.49% in the most recent quarter. The Hedge Fund company now holds 1,395 shares of UVSP which is valued at $29,016.

Univest Corp. of PA opened for trading at $21.66 and hit $21.86 on the upside on Thursday, eventually ending the session at $21.67, with a gain of 0.09% or 0.02 points. The heightened volatility saw the trading volume jump to 84,899 shares. Company has a market cap of $425 M.

Many Wall Street Analysts have commented on Univest Corp. of PA. Piper Jaffray Initiated Univest Corp. of PA on Jul 14, 2016 to “Overweight”, Price Target of the shares are set at $24.

Univest Corporation of Pennsylvania is a bank holding company. The Company owns all of the capital stock of Univest Bank and Trust Co. (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Bank is engaged in the general commercial banking business and provides a range of banking and trust services to its customers. The Company operates through three business segments: Banking Wealth Management and Insurance. The Bank through its subsidiaries acts as an insurance agency broker-dealer and investment advisory firm and operates an equipment financing business. Through its wholly owned subsidiaries the Bank provides a variety of financial services to individuals municipalities and businesses throughout its markets of operation.

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