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GSB Wealth Management, LLC's Latest 13F Holdings: Notable Changes and What It Means for Investors

Ava Hoppe | 21 April, 2023

The latest quarter for GSB Wealth Management, LLC has brought about some noteworthy changes in their 13F holdings. Let's take a look at the summary of changes and what it means for the investors of this fund.

The largest holding in the fund, USFR, saw a significant increase in the number of shares held from Q3 2022 to Q4 2022. In fact, the number of shares increased by 59.5%. This is despite a relatively modest increase in the value of these shares from $6.75 million to $10.77 million. With interest rates still at historic lows, it's possible that GSB is betting on the continued attractiveness of US Treasuries as a safe haven for risk-averse investors.

One of the most notable decreases in holdings was seen for Johnson & Johnson (JNJ). The number of shares held decreased by 12.1%, while the value of these shares decreased by 6.1%. Given that JNJ is one of the largest healthcare companies in the world, it is possible that GSB is taking a more cautious approach to the health sector, possibly due to concerns around regulatory pressures and patent expirations.

Another significant decrease in holdings was seen for the SPDR S&P 500 ETF (SPY). The number of shares held decreased by 20.5% and the value of these shares decreased by 15.4%. This suggests that GSB may be taking a more cautious approach to the broader equity markets, possibly due to concerns around valuations or short-term economic outlook.

On the other hand, several holdings saw increases in the number of shares held and the value of these shares. For instance, Merck & Co. Inc (MRK) saw a 16.7% increase in the number of shares held and a 25.3% increase in the value of these shares. Similarly, DNP Select Income Fund (DNP) saw a 12.6% increase in the number of shares held and a 12.6% increase in the value of these shares. These increases suggest that GSB may be finding value in some select individual stocks, as well as in income-generating funds.

It is also worth noting the significant increase in shares held for the iShares Floating Rate Bond ETF (FLOT). The number of shares held increased by a whopping 106.8%, while the value of these shares increased by 106%. This suggests that GSB may be taking a more defensive stance, with a greater focus on fixed income assets that can provide some protection in case of market volatility, as well as a hedge against rising interest rates.

In conclusion, the Q3 2022 vs. Q4 2022 13F holdings comparison for GSB Wealth Management, LLC suggests that the fund is taking a somewhat cautious approach to the markets, with a greater focus on select individual stocks and income-generating funds, as well as a likely shift towards fixed income assets. While it's unclear what exactly is driving these changes in holdings, it's possible that GSB is positioning its portfolio to weather potential market turbulence in the months ahead. As always, it's important for investors to pay attention to these changes and consider how they fit with their own investment objectives and risk tolerance.

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