Shortly before the closing bell, we will be buying 25 shares of Eli Lilly (LLY) at roughly $243.81. Following the trade, the Charitable Trust will own 400 shares of Eli Lilly. This buy will increase Eli Lilly’s weight in the portfolio from about 2.28% to 2.43%.
After avoiding the temptation of paying up for stocks yesterday, we will be making one small buy Friday afternoon because we think you have to hold your nose and pick something to nibble on when the broader market is getting hit as hard as it is today. We are going with Eli Lilly today as we look at shares now down roughly 11% from its 52-week high as an opportunity to scale deeper into this relatively newer position.