Analyzing the Changes in Holdings of Legacy Private Trust Co from Q4 2022 to Q1 2023: A Detailed Overview.
Ava Hoppe | 18 April, 2023
Looking at the changes in holdings of the Legacy Private Trust Co, it is clear that there have been quite a few changes from Q4 2022 to Q1 2023. The 13F Holdings comparison shows that there have been some significant changes in shares and value, as well as the percentage change.
One of the most notable changes is in the Vanguard Tax-Managed Funds (VEA). The fund saw a massive increase in shares from 622,934 to 1,128,306, which is an increase of 80% from the previous quarter. The value also increased from $26,144,000 to $50,965,000, which is an increase of 94.9%. This change alone accounts for a substantial portion of the overall changes in holdings for the Legacy Private Trust Co.
Another significant change was in the Vanguard Int'l Equity Index Fund (VWO), which saw an increase from 218,223 shares to 401,056 shares, an increase of 90.5%. The value of the shares also increased from $8,506,000 to $16,202,000, which is a substantial increase of 90.5%.
In contrast to the above changes, there were some noticeable decreases in holdings for some of the stocks. For example, there was a decrease of 27.5% in the shares held by the Ishares TR (ITOT). The shares decreased from 596,562 to 405,019, while the value dropped from $50,588,000 to $36,674,000. This was one of the most significant percentage changes in the holdings of the Legacy Private Trust Co, and it is interesting to see why it happened.
Another significant decrease was seen in Noble Corp (NOBL), which saw a decrease of 14.9% in the shares held by Legacy Private Trust Co. The shares decreased from 113,043 to 94,915, while the value dropped from $10,172,000 to $8,660,000.
One of the most interesting changes was seen in the Alphabet Inc (GOOGL), which increased from 149,256 shares to 138,698 shares, which is a decrease of 9.3% in shares held. However, the value of the shares increased from $13,168,000 to $14,387,000, which is an increase of 9.3%. It is exciting to see a change where shares decrease but value increases. This could mean that the company has done well financially, and the stock's prices have gone up.
Another interesting change was seen in the NVidia Corporation (NVDA), which saw an increase from 54,863 shares to 50,666 shares, which is a decrease of 7.7% in shares held by Legacy Private Trust Co. However, the value of these shares increased from $8,017,000 to $14,073,000, which is an increase of 75.5%. This change could be due to the rise in demand for NVidia products and the company's positive financial performance.
Overall, these changes in holdings of the Legacy Private Trust Co show that the company is continually adjusting and fine-tuning its investment portfolio. Some holdings have increased, while others have decreased, and the reasons for the changes vary. However, one pattern that emerges is the investment company's shift towards the tax-managed funds, which is indicated by the significant increase in shares of Vanguard Tax-Managed Funds (VEA). This shift is likely due to the current market environment, where investors are looking for more tax-efficient investments.
In conclusion, the 13F Holdings comparison shows that although there have been some changes in holdings for the Legacy Private Trust Co, these changes are by no means shocking or drastic. Some holdings have increased in value, while others have decreased, indicating a continuous process of balance and adjustment to fine-tune the portfolio. The changes could be due to various reasons, including the company's financial performance, the industry's trends, and the market environment. Nevertheless, it is apparent that the company is actively monitoring and adjusting its investment portfolio to ensure optimal performance.
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