Summit Financial Group, Inc. Q1 2023 vs. Q2 2023 13F Holdings Comparison

Summit Financial Group, Inc. is a leading financial institution that operates in the investment management sector. As a part of their regular filing requirements, the company recently submitted their Q1 2023 and Q2 2023 13F Holdings. These reports provide valuable insights into the changes in holdings of the fund during this period.

The Q1 2023 13F Holdings of Summit Financial Group, Inc. indicated that they held a significant number of shares in various companies. Among them, Microsoft Corp (MSFT) held the highest number of shares with 32,210 in Q1 2023. However, in Q2 2023, the number of shares decreased by 1,465, totaling 30,745. Despite this decrease, the overall value of the holdings increased by 12.7%, reaching $10,469,000.

Another notable holding of Summit Financial Group, Inc. was the SPDR S&P 500 ETF Trust (SPY). In Q1 2023, they held 19,762 shares, which decreased slightly to 19,498 shares in Q2 2023. Despite the decrease in the number of shares, the value of the holdings increased by 6.8% to $8,643,000.

In contrast, there were some holdings that experienced a decrease in both the number of shares and their value. One such example is the Procter and Gamble Co (PG). The Q1 2023 holdings showed 45,422 shares, which decreased by 1,827 shares to 43,595 in Q2 2023. Similarly, the value of the holdings decreased by 2.1% to $6,615,000.

On the other hand, there were holdings that experienced substantial growth. One such holding is Eli Lilly & Co (LLY), with an increase of 1,150 shares from 11,415 in Q1 2023 to 11,565 in Q2 2023. The value of the holdings witnessed an impressive increase of 38.4%, totaling $5,423,000.

Summit Financial Group, Inc. also had holdings in various ETFs, such as the Invesco Exchange Traded FD T (RSP) and the iShares TR (EFA). The value of these holdings remained relatively stable, with a minor decrease of 2.5% and an increase of 5.5%, respectively.

Other significant holdings of Summit Financial Group, Inc. include Apple Inc (AAPL), with a 15.7% increase in the value of the holdings; Chevron Corp (CVX), with a decrease in both shares and value; and Amazon.com Inc (AMZN), with a remarkable increase of 26.2% in the value of the holdings.

Overall, the Q1 2023 vs. Q2 2023 13F Holdings Comparison of Summit Financial Group, Inc. demonstrates a mix of positive and negative changes in their holdings. While some holdings experienced growth, others faced a decrease in shares and value. These findings provide valuable insights into the investment strategies and performance of Summit Financial Group, Inc.

In conclusion, the 13F Holdings report gives us a glimpse into the investment decisions and holdings of Summit Financial Group, Inc. during Q1 2023 and Q2 2023. While some holdings experienced growth, others witnessed a decrease. These reports are essential for investors and industry analysts to develop a better understanding of the financial landscape and make more informed investment decisions.

Disclaimer: The information provided in this article is for informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any securities. Please consult with a professional advisor or conduct your own research before making any investment decisions.