New York Life Trust’s Top Q3 Financial Stock Picks

Wall St. Watchdog reveals information regarding New York Life Trust Co’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 38 stocks in the Financial sector at the end of the quarter with an aggregate market value of $8.227 million.

  • Spdr S&p 500 (NYSE:SPY): On 06/30/2011, New York Life Trust Co reported holding 10,022 shares with a market value of $1,322,603. This comprised 1.59% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 19,355 shares with a market value of $2,190,018. This comprised 3.9% of the total portfolio. The net change in shares for this position over the two quarters is 9,333. About Company: SPDR S&P 500 ETF Trust is a unit investment trust incorporated in the United States. The Trust consists of a portfolio representing all 500 stocks in the S&P 500 Index.
  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011, New York Life Trust Co reported holding 39,995 shares with a market value of $1,122,260. This comprised 1.35% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 39,553 shares with a market value of $954,018. This comprised 1.7% of the total portfolio. The net change in shares for this position over the two quarters is -442. About Company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.
  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011, New York Life Trust Co reported holding 36,748 shares with a market value of $1,504,463. This comprised 1.81% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 29,251 shares with a market value of $881,040. This comprised 1.57% of the total portfolio. The net change in shares for this position over the two quarters is -7,497. About Company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • American Express Company (NYSE:AXP): On 06/30/2011, New York Life Trust Co reported holding 11,944 shares with a market value of $617,505. This comprised 0.74% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 10,115 shares with a market value of $454,164. This comprised 0.81% of the total portfolio. The net change in shares for this position over the two quarters is -1,829. About Company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.
  • The Bank Of New York Mellon Corporation (NYSE:BK): On 06/30/2011, New York Life Trust Co reported holding 23,370 shares with a market value of $598,739. This comprised 0.72% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 20,265 shares with a market value of $376,726. This comprised 0.67% of the total portfolio. The net change in shares for this position over the two quarters is -3,105. About Company: Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. The Company provides financial services for institutions, corporations and high-net-worth individuals, providing asset management and wealth management, asset servicing, issuer services, clearing services and treasury services.
  • The Travelers Companies Inc. (NYSE:TRV): On 06/30/2011, New York Life Trust Co reported holding 9,540 shares with a market value of $556,945. This comprised 0.67% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 7,683 shares with a market value of $374,393. This comprised 0.67% of the total portfolio. The net change in shares for this position over the two quarters is -1,857. About Company: The Travelers Companies, Inc. provides commercial property casualty insurance and asset management services to businesses, government units, associations and individuals. The Company underwrites homeowners and auto insurance through independent agents.
  • State Street Corp. (NYSE:STT): On 06/30/2011, New York Life Trust Co reported holding 12,537 shares with a market value of $565,293. This comprised 0.68% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 10,914 shares with a market value of $350,994. This comprised 0.63% of the total portfolio. The net change in shares for this position over the two quarters is -1,623. About Company: State Street Corporation services institutional investors and manages financial assets worldwide. The Company’s products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services.
  • Charles Schwab Corp. (NYSE:SCHW): On 06/30/2011, New York Life Trust Co reported holding 14,364 shares with a market value of $236,288. This comprised 0.28% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 26,374 shares with a market value of $297,235. This comprised 0.53% of the total portfolio. The net change in shares for this position over the two quarters is 12,010. About Company: The Charles Schwab Corporation provides a variety of financial services to individual investors, independent investment managers, retirement plans, and institutions. The Company provides its clients with securities brokerage, banking, and related financial services through offices in the United States, Puerto Rico, and the United Kingdom.
  • Northern Trust Corporation (NASDAQ:NTRS): On 06/30/2011, New York Life Trust Co reported holding 8,266 shares with a market value of $379,905. This comprised 0.46% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 6,275 shares with a market value of $219,499. This comprised 0.39% of the total portfolio. The net change in shares for this position over the two quarters is -1,991. About Company: Northern Trust Corporation is a financial holding company that provides investment management, asset and fund administration, fiduciary, and banking solutions for corporations, institutions, and affluent individuals. Northern trusts banking operations are its primary operations.
  • Ace Limited (NYSE:ACE): On 06/30/2011, New York Life Trust Co reported holding 5,910 shares with a market value of $388,996. This comprised 0.47% of the total portfolio. On 09/30/2011, New York Life Trust Co reported holding 3,362 shares with a market value of $203,737. This comprised 0.36% of the total portfolio. The net change in shares for this position over the two quarters is -2,548. About Company: ACE Limited is the holding company for the ACE Group of Companies, a property and casualty insurance business. The Group provides a diversified range of products and services to clients through operations in countries around the world. ACE provides specialty insurance and reinsurance products.

(Note: Data regarding New York Life Trust Co’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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