River Wealth Advisors Reduces Elevance Health Stock Position

Investment firm cuts stake in health insurance provider by nearly 60% in Q3

Mar. 3, 2026 at 12:31am

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River Wealth Advisors LLC, an investment management firm, decreased its position in Elevance Health, Inc. (NYSE: ELV) by 59.5% during the third quarter of 2026. The firm previously owned 4,818 shares of the health insurance company's stock, valued at $1.56 million, but sold 7,090 shares during the period.

Why it matters

Elevance Health is one of the largest health insurance providers in the United States, so changes in institutional ownership of the stock can provide insights into investor sentiment around the company and the broader health insurance industry.

The details

According to a disclosure with the Securities and Exchange Commission, River Wealth Advisors sold 7,090 shares of Elevance Health stock during the third quarter, reducing its total position to 4,818 shares. The firm cited unspecified reasons for the reduction in its Elevance Health holdings.

  • River Wealth Advisors made the changes to its Elevance Health position during the third quarter of 2026.

The players

River Wealth Advisors LLC

An investment management firm that previously held a $1.56 million position in Elevance Health.

Elevance Health, Inc.

A large U.S. health insurance provider that operates consumer-facing health plans under established state and national brands.

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The takeaway

The reduction in River Wealth Advisors' Elevance Health position suggests potential uncertainty or shifting investment strategies around the health insurance industry, though the specific reasons behind the firm's decision are not clear from the available information.