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Town hears investment update; Dana Advisors reports portfolio gain and 4.76% yield
Summary
Dana Investment Advisors reported the town's portfolio ended 2024 with a roughly $254,000 gain and a current yield around 4.76%, and outlined risks and diversification strategies as interest-rate uncertainty continues.
Dana Investment Advisors presented the town's annual investment update at the Town of Orange Park council meeting Tuesday night, reporting that the town's portfolio recovered unrealized losses from prior years and ended 2024 with a gain.
Greg Peters of Dana Investment Advisors opened the presentation with firm-level context, saying, "Assets under management at the end of last year were 8,800,000,000.0," and describing…
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