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Exchange Traded Concepts LLC Has $26.46 Million Stock Holdings in Costco Wholesale Corporation $COST
Exchange Traded Concepts LLC significantly increased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 30.9% in Q4, bringing its total holdings to $26.46 million. This increase reflects positive sentiment following Costco’s strong quarterly performance, where it surpassed earnings and revenue expectations. Wall Street analysts generally hold a “Moderate Buy” consensus for Costco, supported by growth initiatives such as new gas stations, a Canadian Business Centre, and a new Kirkland energy drink.