BTS Asset Management, Inc. Q2 2023 vs. Q3 2023: A Comparison of 13F Holdings

In the world of investing, knowledge is power. Understanding the changes in holdings of a fund can provide valuable insights into the strategies and decisions made by asset management firms. In this article, we will be discussing the Q2 2023 and Q3 2023 13F holdings of BTS Asset Management, Inc., and analyzing the percentage changes in their portfolio.

Xtrackers USD High Yield Corporate Bond ETF (HYLB) has seen a decrease in shares from 1,912,661 in Q2 2023 to 1,743,883 in Q3 2023, representing a 10.3% decline. The value of the shares also decreased from $65,986,000 to $59,178,000 during the same period.

Another high-yield bond ETF, the SPDR Bloomberg High Yield Bond ETF (JNK), also experienced a decrease in shares from 704,871 to 652,966, resulting in a 9% decline. The value of the shares decreased from $64,869,000 to $59,040,000.

In contrast, the SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) witnessed a significant increase in shares from 0 in Q2 2023 to 510,714 in Q3 2023. However, the value of the shares remained the same at $12,495,000.

Next, let's look at the Vanguard Total Bond Market ETF (BND). This ETF experienced a substantial decrease in shares from 135,402 to 76,878, reflecting a significant 45.5% decline. The value of the shares also decreased from $9,842,000 to $5,366,000.

Moving on to the iShares iBoxx High Yield Corporate Bond ETF (HYG), this ETF saw a minor decrease in shares from 34,519 to 31,930, resulting in a 9.2% decline. The value of the shares also decreased from $2,591,000 to $2,353,000.

The Vanguard Dividend Appreciation Index Fund ETF (VIG) experienced a substantial decrease in shares from 22,564 to 10,752, representing a 54.2% decline. The value of the shares decreased from $3,665,000 to $1,678,000 during the same period.

Moving on to the Vanguard Intermediate-Term Corporate Bond ETF (VCIT), this ETF witnessed a slight increase in shares from 11,365 to 11,688, reflecting a 1.1% increase. The value of the shares, however, remained relatively stable at $898,000 in Q2 2023 and $888,000 in Q3 2023.

Among the municipal bond ETFs, the iShares National Muni Bond ETF (MUB) experienced a minor decrease in shares from 8,728 to 8,487, resulting in a 6.6% decline. The value of the shares also decreased from $931,000 to $870,000.

Looking at equity-based ETFs, the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) remained relatively stable with only a slight decrease in shares from 15,372 to 15,365, representing a 0.03% decline. The value of the shares decreased from $743,000 to $721,000.

Janus Henderson AAA CLO ETF (JAAA) remained virtually unchanged, with shares decreasing from 13,710 to 13,708, representing a minimal increase of 0.9%. The value of the shares barely changed from $683,000 to $689,000.

These are just a few examples of the changes in holdings that BTS Asset Management, Inc. made in their portfolio during Q2 and Q3 of 2023. As you can see, the asset management firm adjusted their positions in various ETFs, reducing their exposure to some while increasing their holdings in others.

Keep in mind that the percentages mentioned above only reflect the changes in shares and may not necessarily indicate the overall strategy or performance of the fund. It is important to conduct thorough research and analysis before making any investment decisions.

In conclusion, this article has discussed the Q2 2023 and Q3 2023 13F holdings of BTS Asset Management, Inc., highlighting the percentage changes in their portfolio. Understanding these changes can provide valuable insights for both investors and fund managers, helping them make informed decisions in their financial strategies.

Note: The information provided in this article is for informational purposes only and should not be taken as financial advice. Always consult with a professional advisor before making any investment decisions.