Mcmorgan & Co. LLC's Q4 2022 ETF holdings: Analysis and Implications

Mcmorgan & Co. LLC is among the top-rated investment management firms that offer excellent portfolio management services to individual and institutional clients. One of the unique services it offers is managing exchange-traded funds (ETFs) for its clients. As of Q4 2022, Mcmorgan & Co. LLC reported some changes in holdings of its managed funds. This article will review the changes in holdings, provide some analysis and insights into the reasons for the changes, and assess the potential implications for the funds' performance at the end of the quarter.

The 13F Holdings Comparison table for Q3 2022 vs. Q4 2022 shows a slight increase in shares for BND, a Vanguard Bond Index Fund. The Q4 2022 report shows that Mcmorgan & Co. LLC increased its holdings to 1562713 shares, a 4.1% increase from the previous quarter. This corresponds to an increase in value from $107,859,000 to $112,265,000. Vanguard Bond Index Fund is one of the most popular bond ETFs, with a diversified portfolio of investment-grade corporate and government bonds. Mcmorgan & Co. LLC's increasing holdings in the fund indicates a positive outlook for bonds' performance as the economy improves, interest rates rise, and credit spreads tighten.

One of the significant changes in holdings is the 31.7% increase in shares held for JP Morgan Exchange-Traded Fund (JPST). Mcmorgan & Co. LLC increased its holdings from 811,155 shares in Q3 to 1,068,982 shares in Q4. The increase in shares was accompanied by a 31.7% increase in value from $40,686,000 to $53,588,000. JPST is one of the best-performing short-term bond ETFs that offer exposure to ultra-short-term debt instruments with high liquidity and low credit risk. The fund's increasing popularity among investors indicates the growing preference for safe and stable investments in uncertain market conditions.

Another notable change in holdings is the increase in Mcmorgan & Co. LLC's position in Floationg Rate Notes ETF (FLOT) from 202,240 shares in Q3 to 267,838 shares in Q4. The change represents a 32.6% increase in shares and a corresponding 32.6% increase in value from $10,167,000 to $13,480,000. FLOT is an ETF that tracks the Bloomberg Barclays US Floating Rate Note are mostly short-term, investment-grade instruments with floating interest rates. The fund is a hedge against rising interest rates, making it an attractive investment for bond investors who fear the impact of interest rate hikes on their fixed income securities.

McMorgan & Co. LLC also increased its position in several ETFs that track different sectors of the economy, with some ETFs increasing in value more significantly than others. For instance, the increase in shares held by Mcmorgan & Co. LLC for Crocs, Inc. (CROX) of 62.5%, from 30081 shares in Q3 to 30946 shares in Q4, accompanied by an increase in value from $2065,000 to $3355,000, is significant compared to the increase in shares held by the company in Oracle Corporation (ORCL) of 33.1% from 7876 shares in Q3 to 7831 shares in Q4. The value of the holdings in Oracle Corporation only increased from $481,000 to $640,000 over the same period.

In conclusion, the changes in holdings reported by Mcmorgan & Co. LLC in Q4 2022 show a positive outlook for bonds, with increased positions in bond ETFs such as Vanguard Bond Index Fund and JP Morgan Exchange-Traded Fund. Some ETFs that track different sectors of the economy also saw increased positions by Mcmorgan & Co. LLC, with ETFs such as Floating Rate Notes ETF (FLOT) and Crocs, Inc. demonstrating excellent returns. These changes in holdings can be attributed to investors searching for stability and diversification in an uncertain market, with interest rate adjustments and inflation concerns at the forefront of the investment landscape. Nevertheless, the potential implications for these changes in holdings will depend on market conditions, as various sectors may experience different levels of volatility and growth.