Schneider Downs Wealth Management Advisors: An Analysis of Q4 2022 vs. Q1 2023 Holdings Comparison

Schneider Downs Wealth Management Advisors, LP is a reputable investment management firm known for providing sound financial advice to its clients. As part of its fiduciary duty, the firm is required to file a Form 13F with the Securities and Exchange Commission (SEC) every quarter. This form contains information about the firm's holdings in various securities, including stocks, bonds, and options.

In this article, we will explore Schneider Downs Wealth Management Advisors' Q4 2022 versus Q1 2023 13F holdings comparison. We'll provide insights into the changes made in holdings, the value of those holdings, and the percentage change that occurred during the quarter.

FHI and VO - The Top Two Securities in Q4 2022

In Q4 2022, Federated Hermes Inc (FHI) and Vanguard Index Funds (VO) were the top two securities held by Schneider Downs Wealth Management Advisors, LP. The firm had 4,504,318 shares of FHI, with a value of $163,551,000, and 150,735 shares of VO, with a value of $30,721,000.

On the other hand, In Q1 2023, Schneider Downs Wealth Management Advisors, LP held 4,467,117 shares of FHI, with a value of $179,310,000, and 151,382 shares of VO, with a value of $31,929,000.

SCHG - The Biggest Gainer in Percentage Change

Schwab Strategic Trust (SCHG) was the biggest gainer in terms of percentage change, with a staggering 20.5% increase in value from Q4 2022 to Q1 2023. Schneider Downs Wealth Management Advisors, LP had 343,141 shares of SCHG, valued at $19,064,000 in Q4 2022. This number increased to 352,501 shares, valued at $22,972,000 in Q1 2023.

MMIT - The Biggest Loser in Percentage Change

IndexIQ Active ETF Trust (MMIT) was the biggest loser in terms of percentage change, with a decrease of 14.9% in value from Q4 2022 to Q1 2023. Schneider Downs Wealth Management Advisors, LP had 569,890 shares of MMIT, valued at $13,751,000 in Q4 2022. This number decreased to 642,286 shares, valued at $15,793,000 in Q1 2023.

Conclusion

Overall, Schneider Downs Wealth Management Advisors, LP's 13F holdings comparison in Q4 2022 versus Q1 2023 shows some interesting changes in the firm's holdings. Federated Hermes Inc and Vanguard Index Funds remained the top two securities held by the firm in both quarters, but there were significant changes in the number of shares held and the value of those shares.

SCHG was the biggest gainer in terms of percentage change, while MMIT was the biggest loser. It is essential to note that the changes in holdings made by Schneider Downs Wealth Management Advisors, LP are part of its investment strategy and are subject to change based on market conditions and other factors.

As an investor looking to invest with Schneider Downs Wealth Management Advisors, LP, it is important to carefully review the company's investment strategy and have a thorough understanding of the risks involved in investing.