BTS Asset Management, Inc. Q1 2023 vs. Q2 2023 13F Holdings Comparison

BTS Asset Management, Inc. is a renowned and highly-respected investment firm that releases its 13F Holdings Comparison report every quarter. This report provides valuable insights on the changes in holdings of various funds managed by the firm. In this article, we will focus on the comparison between the first and second quarters of 2023.

During the first quarter of 2023, BTS Asset Management held 0 shares of Xtrackers USD High Yield Corporate Bond ETF, with a value of $0. However, in the second quarter, their holdings in this ETF increased significantly to 1,912,661 shares, amounting to a value of $65,986. This represents a substantial change and indicates a bullish sentiment towards high-yield corporate bond ETFs.

Another notable change in holdings is observed in the SPDR Bloomberg High Yield Bond ETF, with BTS Asset Management holding 0 shares in Q1 2023. However, in Q2 2023, they increased their holdings to 704,871 shares, valued at $64,869. This indicates a growing interest in high-yield bond ETFs and a positive outlook on the segment.

Vanguard Total Bond Market ETF, on the other hand, experienced a slight decrease in BTS Asset Management's holdings. In Q1 2023, they held 135,850 shares, valued at $10,029. However, in Q2 2023, their holdings decreased to 135,402 shares, with a value of $9,842. This represents a 1.9% reduction in holdings and could be attributed to various factors affecting the bond market during that period.

One of the most significant changes in BTS Asset Management's holdings is witnessed in the SPDR Bloomberg Convertible Securities ETF. In Q1 2023, they held 6,229 shares of this ETF, with a value of $417. However, their position grew significantly in Q2 2023, with holdings increasing to 125,948 shares valued at $8,810. This represents an impressive growth rate of 2008.8% and indicates a strong interest in convertible securities.

Moving on to iShares MSCI USA Min Vol Factor ETF, BTS Asset Management held 0 shares in Q1 2023. However, during Q2 2023, they acquired 112,941 shares of this ETF, with a value of $8,394. This substantial increase highlights their interest in low volatility factor ETFs and potentially their anticipation of a stable market.

BTS Asset Management also showed interest in VanEck High Yield Muni ETF, where they held 0 shares in Q1 2023. However, their holdings increased to 163,411 shares in Q2 2023, with a value of $8,389. This signifies a growing interest in high yield municipal bond ETFs.

Another notable change in holdings is observed in the Invesco S&P 500 Low Volatility ETF. BTS Asset Management had 0 shares in Q1 2023 but acquired 90,936 shares in Q2 2023, valued at $5,711. This indicates a bullish sentiment towards low volatility ETFs and their potential for stable returns.

Vanguard Dividend Appreciation Index Fund ETF also saw a positive change in BTS Asset Management's holdings. In Q1 2023, they held 20,230 shares, valued at $3,115. However, in Q2 2023, their holdings increased to 22,564 shares, with a value of $3,665. This represents a 17.6% increase and signifies their belief in the long-term potential of dividend-growing companies.

In summary, BTS Asset Management's 13F Holdings Comparison report for Q1 2023 vs. Q2 2023 demonstrates interesting changes in their holdings. The firm displayed a positive sentiment towards high-yield bond ETFs, convertible securities, low volatility ETFs, and dividend appreciation funds. These changes might indicate their outlook on market conditions and investment opportunities during these quarters. It will be interesting to see how these holdings evolve in the future and what strategies the firm adopts based on these changes.