Ledyard National Bank Portfolio Shifts in Q2 2026: Focus on Dividend Growth, Tech & Consumer Defensive

As reported by insiderset.com on behalf of Ledyard National Bank, the portfolio held as of June 30, 2026, reflects several notable shifts from previous periods.

One of the most significant changes during this quarter was a substantial reduction in exposure to Municipal Bonds. The bank's position in ISHARES NATL MUNI BOND ETF (MUB), identified as "Unknown" sector, decreased by 92.56% from the prior period. This translates to a reduction of over 220,000 shares and resulted in this holding accounting for just 0.15% of the portfolio's total value.

Conversely, Ledyard National Bank demonstrated strong buying activity during Q2. Notably, they acquired new positions or significantly increased existing ones in several stocks:

• CIGNA GROUP (CI), a stock classified under Healthcare, saw its position jump by 100% with the addition of over 24,600 shares.
• The bank also made a substantial purchase in COCA COLA CO (KO), adding nearly 23,500 shares to this Consumer Defensive stock, representing a doubling of its position.
• SERVICENOW INC (NOW) was another significant acquisition. The bank bought all the shares they now hold in this Technology stock during the quarter.

Furthermore, there were notable additions to the portfolio:

• The position in VICTORYSHARES FREE CASH FLOW ETF (VFLO), a Dimensional fund, increased by 8.89% through the addition of over 42,000 shares.
• ISHARES CORE DIVIDEND GROWTH ETF (DGRO) also saw an increase in this quarter, with its portfolio allocation rising slightly to 7.06%, though it was already a top holding from the previous period.

The bank's holdings also included several other stocks showing positive changes:

• ISHARES CORE S&P 500 ETF (IVV), another core holding, increased slightly by 6.21% through share additions.
• ISHARES CORE DIVIDEND GROWTH ETF (DGRO) was listed as a top holding with an allocation of 7.06%, indicating its importance despite the smaller change.

• UNITEDHEALTH GROUP INC (UNH), a major Healthcare stock, saw its position decrease by nearly 89.56% due to share reduction.
• TARGET CORP (TGT) experienced an almost 90% reduction in holdings during the quarter.
• GOLDMAN SACHS ACTIVEBETA US LGE CAP EQ ETF (GSLC), a GS ActiveBeta fund, was sold down significantly by the bank, reducing its position by over 24.53%.

Additionally, there were changes in other Dimensional funds and specific large-cap tech names:

• DIMENSIONAL EMERG CORE EQ MKT ETF (DFAE), a Dimensional fund, decreased by 2.72%.
• VANGUARD INFO TECH ETF (VGT) saw its position increase dramatically by over 600%, though it remains a very small allocation at just 0.11%.

In summary, Ledyard National Bank's portfolio management in Q2 involved exiting the MUB position entirely and significantly reducing holdings in UNH, TGT, and CMCSA (Communication Services). They simultaneously increased their positions in several dividend-focused ETFs like IVV, DGRO, SCHD, VFLO, and DFAE, while also acquiring new stakes or substantially increasing existing ones in CI, KO, NOW, SNDK, and MU.