BTS Asset Management, Inc. Q3 2023 vs. Q4 2023: Analyzing Changes in Fund Holdings

In the ever-changing world of finance, it is crucial for fund managers to stay on top of their game and make strategic adjustments to optimize their holdings. As we dive into the comparison of BTS Asset Management, Inc.'s 13F holdings between Q3 2023 and Q4 2023, we'll uncover the fascinating shifts in their portfolio.

Xtrackers USD High Yield Corporate Bond ETF (HYLB) witnessed a minor decrease in shares, with 1,743,883 in Q3 2023 dropping to 1,674,731 in Q4 2023, resulting in a mere 0.7% change. The value of these shares remained stable, with $59,178,000 and $59,588,000 in Q3 and Q4 2023, respectively.

SPDR Bloomberg High Yield Bond ETF (JNK) experienced a significant reduction in shares, plummeting from 652,966 in Q3 2023 to 263,965 in Q4 2023, reflecting a sharp decline of 57.6%. Correspondingly, the value of these shares also decreased, from $59,040,000 to $25,030,000.

iShares 7-10 Year Treasury Bond ETF (IEF) made a noticeable transition, as there were no shares recorded in Q3 2023, but it acquired 233,727 shares worth $22,546,000 in Q4 2023.

VanEck High Yield Muni ETF (HYD) also increased its holdings, from zero shares in Q3 2023 to 126,725 shares valued at $6,542,000 in Q4 2023.

The most striking change came for SPDR Bloomberg Convertible Securities ETF (CWB), with shares surging from 6,127 in Q3 2023 to an astonishing 86,219 in Q4 2023. This remarkable increase represents a staggering 1,399.1% change. The value of these shares rose from $415,000 to $6,227,000.

Moving on, SPDR Dow Jones Industrial Average ETF (DIA) added 6,540 shares to its portfolio, with no shares recorded in Q3 2023 and 6,540 shares valued at $2,465,000 in Q4 2023.

While iShares iBoxx High Yield Corporate Bond ETF (HYG) observed a slight decrease in shares, the change was minimal, decreasing from 31,930 in Q3 2023 to 28,909 in Q4 2023, representing a mere 5% decline. The value of these shares slightly decreased from $2,353,000 to $2,237,000.

Vanguard Total Bond Market ETF (BND) witnessed a substantial decrease in shares, with holdings dropping from 76,878 in Q3 2023 to 22,426 in Q4 2023. This decline accounts for a significant drop of 69.2%. The value of these shares decreased from $5,366,000 to $1,653,000.

Vanguard Dividend Appreciation Index Fund ETF (VIG) experienced a significant reduction in shares, declining from 10,752 in Q3 2023 to 4,910 in Q4 2023, reflecting a decrease of 50.1%. Correspondingly, the value of these shares also decreased from $1,678,000 to $837,000.

iShares Treasury Floating Rate Bond ETF (TFLO) displayed a considerable increase in shares, surging from 10,718 in Q3 2023 to 14,558 in Q4 2023, indicating a substantial increase of 35.1%. The value of these shares rose from $543,000 to $734,000.

SPDR Bloomberg International Corporate Bond ETF (IBND) depicted an uptick in shares, growing from zero in Q3 2023 to 13,436 in Q4 2023, with no corresponding change in value.

As we analyze the remainder of the portfolio, Invesco CEF Income Composite ETF (PCEF) reduced its holdings from 23,250 shares in Q3 2023 to 21,743 shares in Q4 2023, representing a small decrease of 1.8%. The value remained relatively stable at $397,000 and $390,000 for Q3 and Q4 2023, respectively.

iShares 20plus Year Treasury Bond ETF (TLT) experienced a significant jump in shares, as there were no shares recorded in Q3 2023, but the holdings rose to 3,856 shares valued at $381,000 in Q4 2023.

Vanguard Small Cap Value Index Fund ETF (VBR) encountered a decline in shares, dropping from 3,416 in Q3 2023 to 1,882 in Q4 2023, reflecting a decrease of 37.4%. The value of these shares also decreased from $546,000 to $342,000.

Several more ETFs experienced changes in their holdings, with fluctuations in both shares and values. The shifts indicate adjustments made by BTS Asset Management, Inc. to accommodate their investment strategy and capitalize on market trends.

As fund managers continue to evaluate and rebalance their portfolios, such quarterly comparisons help provide insight into their decision-making process. Strategic adjustments to holdings are essential for optimizing returns and ensuring the fund's performance aligns with market conditions.

Please consult professional investment advisors or visit the Securities and Exchange Commission's official website to understand the implications of the 13F filings and its significance for interested investors.