The latest SEC filings reveal that Belpointe Asset Management LLC and Intrepid Financial Planning Group LLC are actively adjusting their exchange-traded fund (ETF) holdings amid shifting market conditions. Belpointe Asset Management LLC has notably decreased its positions in the Vanguard Small-Cap Growth ETF (VBK) by 44.7% and the iShares Core S&P Mid-Cap ETF (IJH) by 15.1%, signaling a move away from certain small and mid-cap funds. However, Belpointe has also increased its stake in the Capital Group Core Plus Income ETF (CGCP) by a significant 35.4%, reflecting a pivot towards income-generating assets.Intrepid Financial Planning Group LLC has similarly reduced its holdings, parting with 5.4% of its shares in ProShares S&P 500 Aristocrats ETF (NOBL) and 3.0% in Global X U.S. Infrastructure Development ETF (PAVE). These strategic sales come as the firms seek to optimize their portfolios in response to the evolving economic landscape. The broader market saw various institutional investors making changes to their positions, with some reducing their stakes in companies like FirstEnergy Corp. (FE) and others, such as Peapack Gladstone Financial Corp, adjusting their investments in light of recent performance metrics and analyst ratings.These portfolio adjustments by prominent financial management firms underscore the complex decision-making processes involved in asset management, as organizations strive to balance risk and reward in a fluctuating market environment.
Key points
- Belpointe Asset Management LLC reduced its stake in Vanguard Small-Cap Growth ETF by 44.
- Belpointe Asset Management LLC increased its position in Capital Group Core Plus Income ETF by 35.
- Intrepid Financial Planning Group LLC sold 5.
7% and iShares Core S&P Mid-Cap ETF by 15.
1%.
4%.
4% of its ProShares S&P 500 Aristocrats ETF shares and 3.
0% of its Global X U.
S.
Infrastructure Development ETF shares.
