Avestar Capital, LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

Investment firms are constantly analyzing and adjusting their portfolio holdings to ensure maximum returns for their clients. One such firm, Avestar Capital LLC, recently released their Q2 2023 and Q3 2023 13F holdings comparison. The data highlights the changes in the number of shares and the value of various stocks held by the firm during this period. Let's take a closer look at some of the significant changes in their portfolio.

One notable change is the increase in shares of ALPHABET INC (GOOG) from 351,901 shares in Q2 2023 to 353,436 shares in Q3 2023, representing a 9.5% increase. The value of these shares also increased from $42,569,000 to $46,600,000.

However, it wasn't all positive news for Avestar Capital LLC. They experienced a decrease in both the number of shares and the value of their holdings in APPLE INC (AAPL). The share count dropped from 233,340 in Q2 2023 to 235,546 in Q3 2023, resulting in a 10.9% decrease. The value of these shares also saw a decline from $45,261,000 to $40,327,000.

Another significant change was seen in the holdings of J P MORGAN EXCHANGE TRADED F (JPST). Avestar Capital LLC increased their share count from 340,308 in Q2 2023 to a whopping 757,174 in Q3 2023, marking a substantial 122.7% growth. This increase in shares reflects the firm's confidence in the potential of this particular investment.

INVESCO ACTIVELY MANAGED ETF (GSY) also witnessed a significant increase in shares held by Avestar Capital LLC. The share count rose from 259,164 in Q2 2023 to an impressive 699,141 in Q3 2023, resulting in a remarkable 170.1% increase. The value of these shares also saw a substantial rise from $12,864,000 to $34,747,000.

In contrast, there were some holdings that experienced a decrease in shares and value. For instance, Avestar Capital LLC reduced their position in ISHARES TR (EFA) from 223,839 shares in Q2 2023 to 175,251 shares in Q3 2023, representing a significant 25.6% decrease. The value of these shares also dropped from $16,228,000 to $12,078,000.

Overall, Avestar Capital LLC made notable adjustments in their portfolio during the Q2 2023 to Q3 2023 period. While they increased their holdings in certain stocks, they also reduced their exposure to others. These changes reflect the firm's strategy to capitalize on potential opportunities and manage risk effectively.

Disclaimer: The information provided in this article is based on publicly available data and should not be considered financial advice. Investing in the stock market involves risks, and individuals should conduct their own research and consult with a professional financial advisor before making any investment decisions.