Summit Financial Wealth Advisors, LLC Q3 2023 vs. Q4 2023 13F Holdings Comparison

Investment firms are constantly analyzing and adjusting their holdings to maximize returns for their clients. In the third and fourth quarters of 2023, Summit Financial Wealth Advisors, LLC made some interesting changes to their 13F holdings. Let's take a closer look at these changes and what they mean for investors.

First, let's focus on the top five holdings that experienced the most significant changes:

1. First Tr Exchange Traded Fd Vi (GJUN):

- Q3 2023 Holdings: 1,553,725 shares

- Q4 2023 Holdings: 1,509,208 shares

- Percentage Change: -2.6%

- Q3 2023 Value: $46,751,000

- Q4 2023 Value: $47,980,000

Summit Financial Wealth Advisors reduced its holdings in the First Tr Exchange Traded Fd Vi by 2.6% between Q3 and Q4 2023. Despite the decrease in shares, the value of their holdings increased, indicating potential confidence in the investment.

2. Vanguard Index Fds (VUG):

- Q3 2023 Holdings: 124,860 shares

- Q4 2023 Holdings: 119,878 shares

- Percentage Change: -5.1%

- Q3 2023 Value: $35,473,000

- Q4 2023 Value: $37,267,000

Summit Financial Wealth Advisors also reduced its holdings in Vanguard Index Fds by 5.1% during this period. However, the increase in value suggests a positive outlook on the investment.

3. First Tr Morningstar Divid L (FDL):

- Q3 2023 Holdings: 752,103 shares

- Q4 2023 Holdings: 718,313 shares

- Percentage Change: -3.7%

- Q3 2023 Value: $24,856,000

- Q4 2023 Value: $25,773,000

Similarly, Summit Financial Wealth Advisors decreased its holdings in First Tr Morningstar Divid L by 3.7%. The slight increase in value indicates cautious optimism regarding the investment.

4. Vanguard Whitehall Fds (VYMI):

- Q3 2023 Holdings: 387,575 shares

- Q4 2023 Holdings: 381,421 shares

- Percentage Change: -1.6%

- Q3 2023 Value: $23,874,000

- Q4 2023 Value: $25,360,000

Summit Financial Wealth Advisors made a modest reduction of 1.6% in its holdings of Vanguard Whitehall Fds. The increase in value suggests they see potential in this investment.

5. ProShares Tr (NOBL):

- Q3 2023 Holdings: 226,267 shares

- Q4 2023 Holdings: 221,579 shares

- Percentage Change: -2.1%

- Q3 2023 Value: $19,748,000

- Q4 2023 Value: $21,094,000

Summit Financial Wealth Advisors slightly decreased its holdings in ProShares Tr by 2.1%. The increase in value indicates confidence in its performance.

These changes in holdings reflect Summit Financial Wealth Advisors' strategic decisions to optimize their portfolio. While a decrease in shares may raise questions, the accompanying increase in value suggests a positive outlook for these investments.

In addition to the top five holdings, Summit Financial Wealth Advisors also made adjustments to various other holdings. Some notable changes include:

- CVS Health Corp (CVS):

- Q3 2023 Holdings: 20,958 shares

- Q4 2023 Holdings: 20,094 shares

- Percentage Change: -4.1%

- Q3 2023 Value: $1,472,000

- Q4 2023 Value: $1,586,000

Summit Financial Wealth Advisors reduced its holdings in CVS Health Corp by 4.1%. Despite the decrease in shares, the increase in value suggests optimism about the company's future performance.

- Microsoft Corp (MSFT):

- Q3 2023 Holdings: 9,316 shares

- Q4 2023 Holdings: 9,412 shares

- Percentage Change: 1.0%

- Q3 2023 Value: $3,358,000

- Q4 2023 Value: $3,539,000

Summit Financial Wealth Advisors increased its holdings in Microsoft Corp by 1.0%. This adjustment indicates continued confidence in the tech giant.

- Amazon.com Inc (AMZN):

- Q3 2023 Holdings: 6,981 shares

- Q4 2023 Holdings: 6,981 shares

- Percentage Change: 0.0%

- Q3 2023 Value: $996,000

- Q4 2023 Value: $1,060,000

Summit Financial Wealth Advisors maintained its holdings in Amazon.com Inc. This consistency suggests they believe in the long-term potential of the e-commerce giant.

These examples demonstrate how Summit Financial Wealth Advisors carefully manages its portfolio, diversifying holdings and adjusting positions based on market conditions and investment opportunities. As with any investment, it is important to conduct thorough research and consider your individual investment goals before making any decisions.

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

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