New York State Common Retirement Fund Sells 6,567 Shares of Security National Financial Co. (NASDAQ:SNFCA)

The New York State Common Retirement Fund (NYSCRF) is a public pension fund that manages retirement benefits for state employees and retirees in New York. The fund has over $200 billion in assets under management and invests in a diversified portfolio of stocks, bonds, and other securities to generate returns for its beneficiaries.

On August 19, 2021, the NYSCRF announced that it had sold 6,567 shares of Security National Financial Co. (SNFCA) for $34.8 million. SNFCA is a financial services company based in Arizona that provides insurance and investment products to individuals and businesses. The company operates through its subsidiaries, which include Security National Insurance Company, Inc., Security National Life Insurance Company, Inc., and Security National Financial Services, LLC.

The sale of SNFCA shares by the NYSCRF was part of the fund's ongoing efforts to manage its portfolio and generate returns for its beneficiaries. The fund invests in a wide range of securities, including stocks, bonds, and alternative investments, and regularly reviews its holdings to ensure that they align with its investment objectives and risk tolerance.

It is worth noting that the sale of SNFCA shares by the NYSCRF does not necessarily reflect any negative view of the company or its financial performance. Rather, it was likely a strategic decision based on the fund's overall investment strategy and portfolio management goals.