Legacy Wealth Management, Inc Q2 2023 vs. Q3 2023 13F Holdings Comparison

Investing in the right assets is crucial for wealth management, which is why many financial institutions closely monitor their holdings. Legacy Wealth Management, Inc recently released their 13F holdings report for the second and third quarters of 2023, showcasing notable changes in their investment portfolio.

Schwab Strategic TR: A Slight Decrease in Shares and Value

One of the significant holdings of Legacy Wealth Management, Inc is Schwab Strategic TR, represented by the symbol SCHK. Comparing Q2 2023 to Q3 2023, the number of shares decreased from 8,662,174 to 8,613,125, which represents a 4% decrease. In terms of value, the stock saw a decrease from $370,654,000 to $355,722,000, signifying a 4.4% decrease. While the decrease is relatively small, it indicates a strategic shift in Legacy Wealth Management, Inc's investment strategy.

iShares TR: A Similar Trend with a Slight Decrease

Legacy Wealth Management, Inc also held shares in iShares TR, represented by the symbol IWB. Comparing the second and third quarters of 2023, the number of shares decreased from 810,267 to 803,398, representing a 4.4% decrease. Similarly, the value of the shares decreased from $197,494,000 to $188,726,000, reflecting a 4.4% decrease, in line with the overall shift experienced by the company.

Fidelity Merrimack STR TR: A Dramatic Increase in Value

In an interesting turn, Legacy Wealth Management, Inc experienced a substantial increase in the value of their shares in Fidelity Merrimack STR TR. While the number of shares held remains at 0, indicating no change, the value skyrocketed from $0 to $120,780,000, illustrating a significant jump in investment returns. This change suggests that Legacy Wealth Management, Inc recognized the potential of this particular asset and decided to invest heavily in it.

J P Morgan Exchange Traded F: A Slight Increase in Shares

Legacy Wealth Management, Inc also had holdings in J P Morgan Exchange Traded F, with the symbol JCPB. Comparing the number of shares held in Q2 2023 to Q3 2023, there was a slight increase from 2,136,706 to 2,248,626, representing a 0.9% increase. The value remained relatively stable, with Q2 2023 at $99,527,000 and Q3 2023 at $100,446,000. This minor change implies that Legacy Wealth Management, Inc believes in the long-term potential of this particular investment.

Schwab Strategic TR, iShares TR, and More: Minor Adjustments

In addition to the significant changes mentioned above, Legacy Wealth Management, Inc made several minor adjustments to their holdings. Schwab Strategic TR, represented by the symbol SCHM, saw a 4.1% decrease in shares and a 4.1% decrease in value. iShares TR, represented by the symbol IJH, experienced a 5.9% decrease in shares and a 5.9% decrease in value. J P Morgan Exchange Traded F, represented by the symbol JPST, saw a significant 65.8% decrease in shares and value. These adjustments indicate Legacy Wealth Management, Inc's commitment to refining their investment portfolio actively.

Conclusion

Within the span of a quarter, Legacy Wealth Management, Inc underwent several changes in their investment holdings. While some assets experienced slight decreases in shares and value, others witnessed remarkable increases. These adjustments showcase Legacy Wealth Management, Inc's dedication to continually optimizing their investment portfolio to maximize returns for their clients. By remaining agile and strategic, Legacy Wealth Management, Inc proves its commitment to effective wealth management.