Corrado Advisors' Q3-Q4 2022 13F Holdings: Changes in Gold, Pfizer, Blackrock, Alphabet, PIMCO, and Innovator ETFs.

Corrado Advisors, LLC is a registered investment advisory firm that primarily offers discretionary investment management services to private individuals and institutional investors. The firm recently released its quarterly 13F filings detailing its portfolio updates for Q3 2022 and Q4 2022. The 13F filings are a required disclosure for institutional investors and hedge funds that manage over $100 million in assets, and it provides a comprehensive list of the investments held by these firms. This article summarizes the changes in holdings of Corrado Advisors, LLC for Q3 2022 and Q4 2022.

The first security on the list is iShares Gold Trust (IAU), which the firm held onto in both quarters, albeit with a slight decrease in shares from 105,816 in Q3 to 105,093 in Q4. The value of its holdings increased by 9%, from $3.3 million to $3.6 million. Gold is often seen as a safe haven asset that investors flock to in times of turmoil, and Corrado Advisors may be holding onto IAU for this reason.

Pfizer Inc (PFE) is another security that the firm bought more of in Q4 2022, increasing its shares from 66,031 to 67,846. The value of the holdings surged 20.3% from $2.9 million to $3.5 million. Pfizer is a pharmaceutical giant with a diversified product portfolio, and it is known for its efforts in developing COVID-19 vaccines around the world.

Corrado Advisors also increased its holdings of Blackrock Enhanced Intl Dividend Trust (BGY) in Q4 2022, going from 582,803 shares to 602,990 shares, representing a 16.2% increase in value, from $2.6 million to $3 million. BGY is a closed-end fund that seeks high current income with an additional objective of capital appreciation, and Corrado Advisors may be looking to diversify its portfolio by investing in global dividend-paying stocks.

However, the firm reduced its holdings of Alphabet Inc (GOOGL) in Q4 2022, going from 32,563 shares to 33,339 shares, which is a 5.6% decrease in value, from $3.1 million to $2.9 million. Alphabet is a technology giant that offers multiple products and services, including Google and YouTube. This move may signify the firm's struggle to keep up with the rapidly changing tech industry or a decision to rebalance its portfolio.

Another notable change in the firm's holdings is its reduction in PIMCO Access Income Fund (PAXs) shares, going from 196,836 to 196,673 shares, which represents a 6.8% decrease in value, from $3.1 million to $2.9 million. This is a closed-end fund that aims to provide a high level of current income with the capital appreciation, and Corrado Advisors may be looking to shift its investments to other funds with better returns.

Corrado Advisors also increased holdings in Innovator ETFs Trust (PJAN) in Q4 2022, going from 91,662 shares to 90,756 shares, representing a 6% increase in value, from $2.7 million to $2.9 million. This ETF aims to provide exposure to a diversified portfolio of innovative companies in the United States, and its focus on innovation may be appealing to Corrado Advisors.

In summary, Corrado Advisors' holdings changed significantly between Q3 2022 and Q4 2022, and while the firm held onto some securities, it divested from others and increased stakes in some funds. These moves may reflect the firm's desire to rebalance its portfolio, reduce risk, or take advantage of market opportunities. It remains to be seen what the firm's portfolio will look like in the coming quarters, but investors will be watching closely to see how the firm's investments evolve over time.