McKinley Carter Wealth Services, Inc.: A Comparison of Q2 2023 and Q3 2023 13F Holdings

McKinley Carter Wealth Services, Inc. recently released its 13F holdings for the second and third quarters of 2023. The 13F filing is a quarterly report that institutional investment managers who manage $100 million or more in assets must file with the Securities and Exchange Commission (SEC). It provides valuable insights into the stocks and securities held by these managers and offers a glimpse into their investment strategies.

In this article, we will analyze the changes in McKinley Carter's holdings from Q2 2023 to Q3 2023, focusing on the top-performing stocks and sectors. We will also discuss any significant shifts in the portfolio's composition and offer some insights into McKinley Carter's investment approach.

McKinley Carter's Top Holdings:

- IVE (ISHARES TR): In Q3 2023, McKinley Carter increased its holdings in IVE, a popular exchange-traded fund (ETF) offered by iShares. Despite a small decrease in value, the firm remains optimistic about the ETF's performance.

- VEA (VANGUARD TAX-MANAGED FDS): McKinley Carter reduced its holdings in VEA, another popular Vanguard ETF. The reduction in shares and value suggests a shift in focus away from this particular ETF.

- AGG (ISHARES TR): McKinley Carter's holdings in AGG remained relatively stable, with only a slight decrease in shares and value.

Sector Analysis:

- Technology Stocks: McKinley Carter maintained its positions in well-known technology companies like Apple Inc (AAPL) and Microsoft Corp (MSFT). The firm's confidence in these tech giants is reflected in the stable number of shares held.

- Financial Stocks: McKinley Carter reduced its holdings in several financial stocks, including JPMorgan Chase & Co (JPM). This suggests a potential reevaluation of the firm's stance on the financial sector.

- Healthcare Stocks: McKinley Carter increased its holdings in healthcare stocks like Eli Lilly & Co (LLY). This demonstrates a growing interest in the healthcare sector.

Notable Changes:

- IGSB (ISHARES TR): McKinley Carter significantly reduced its holdings in IGSB, an iShares ETF. This substantial decrease in shares and value indicates a considerable change in the firm's investment strategy.

- VTI (VANGUARD INDEX FDS): McKinley Carter's holdings in VTI decreased, suggesting a potential reallocation of assets away from this Vanguard ETF.

Investment Approach:

McKinley Carter's investment strategy appears to align with a long-term, diversified approach. The firm maintains positions in various sectors, including technology, healthcare, and financials, indicating a balanced portfolio designed to weather market fluctuations. The slight decreases in some holdings may be part of a regular rebalancing effort to optimize returns.

Conclusion:

McKinley Carter Wealth Services, Inc. has made some notable changes in its portfolio from Q2 2023 to Q3 2023. While the firm has reduced its holdings in certain stocks and sectors, it has also increased its positions in others. This dynamic approach demonstrates McKinley Carter's commitment to actively managing its portfolio and adapting to market conditions.

Please note that the information provided in this article is for informational purposes only and should not be considered as financial advice. It is always recommended to consult with a qualified financial advisor before making any investment decisions.