Last week I added to a existing position and started a new one. My watchlist was somewhat focused on healthcare/pharma companies. I wanted to strengthen the healthcare part of my portfolio. I only held JNJ, Baxter and BMY and it was a relatively smaller part of my portfolio (about 7% of my total portfolio). I contemplated starting a position in LMT, but wasn't convinced yet. I need to do some more work on that.
So what did I buy?
- 18 shares of BMY for $ 65,24 per share. This new purchase adds around $35 to my annual forward dividend income. My total position is now 40 shares, which makes it an average position in terms of portfolio weight.
- 23 shares of MRK for $ 73,23 per share. This new purchase adds around $60 to my annual forward dividend income.