NBT Bank N A NY Purchases 6,518 Shares of Novartis AG (NYSE:NVS)

NBT Bank N A NY is a financial institution based in New York City. In its most recent 13F filing with the SEC, the bank disclosed that it had purchased an additional 6,518 shares of Novartis AG NYSENVS during the third quarter. This represents a 32.4% increase in the bank's position in the company.

Novartis AG is a Swiss pharmaceutical and medical device company headquartered in Basel, Switzerland. The company operates in various segments including pharmaceuticals, oncology, vaccines and diagnostics, and consumer health. Novartis AG NYSENVS is the ticker symbol for the company's American Depository Receipts (ADRs) listed on the New York Stock Exchange (NYSE).

It's worth noting that the information provided in the 13F filing is based on the bank's holdings as of December 31, 2020, and may not reflect any subsequent changes in the bank's investment position. Additionally, the purchase of additional shares does not necessarily indicate that the bank expects the stock price to increase or that it believes the company will perform well in the future. It is always recommended to conduct thorough research and consider seeking advice from a financial advisor before making any investment decisions.