To get more granular on this topic. ARGI is an RIA that discretionarily manages it's clients assets. The most likely scenario is that a client of ARGI (which they have at least 600 of) requested they purchase these shares in their account for them. I doubt this was an "investment committee" level decision by the firm. Either way they need to report the holdings to the SEC. This really is a non issue.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.