Private Wealth Group, LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison: Analyzing the Shifts in Investments
Ava Hoppe | 1 May, 2023
Private Wealth Group, LLC is a trusted financial advisor that manages billions of dollars of assets for its clients. Recently, they released a 13F Holdings Comparison report highlighting the changes in their holdings from Q3 2022 to Q4 2022. In this article, we will delve into the report and analyze the shifts in investments made by Private Wealth Group, LLC.
One of the notable changes in the report is the increased investment in SPDR SER TR (SPLG), which rose by 33%. The Q4 2022 shares of SPLG stood at 243,127, compared to the Q3 2022 shares of 195,783. The value of SPLG also increased from $8,221,000 to $10,935,000, indicating that Private Wealth Group, LLC has faith in the growth potential of this fund.
Another stock that caught our attention is BERKSHIRE HATHAWAY INC DEL (BRK-B). The Q4 2022 shares of BRK-B only marginally decreased by 0.03% compared to Q3 2022, but the value of BRK-B increased by 15.6%. This indicates that even if there is a shift in shares, the underlying value of the fund is still considered strong and stable.
Similarly, SELECT SECTOR SPDR TR (XLP) also saw an increase in shares by 2.1%, while its value grew by 14.1%. This suggests that Private Wealth Group, LLC is bullish on the consumer staples sector and expects it to continue growing.
Conversely, some stocks saw a decrease in both shares and value. For instance, SPDR SER TR (SPTS) experienced a drop of -9% in shares, which was reflected in the fall in its value by -8.9%. It is worth noting that this decrease could be due to various reasons, such as market conditions or the maturity of the fund.
Likewise, SELECT SECTOR SPDR TR (XLE) shares decreased by -63.03%, and its value fell by -55%. This sharp decline could be attributed to the recent slump in the energy sector or other market fluctuations.
In conclusion, analyzing the changes in holdings of Private Wealth Group, LLC gives us insight into the trends and shifts in investments among financial advisors. It also highlights the importance of diversity and stability when investing in the stock market. As always, one must do their research before investing and consult with their financial advisor to make informed decisions.
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