Summit Financial Wealth Advisors, LLC Q4 2022 vs. Q1 2023: An Overview of the Fund Holdings Comparison

Investors always look for transparency and accountability from the companies they invest in. In the United States, the Securities and Exchange Commission (SEC) requires investment managers who manage more than $100 million in assets to file a quarterly report, known as Form 13F. One such investment manager is Summit Financial Wealth Advisors, LLC. In this article, we will analyze the Q4 2022 vs. Q1 2023 13F holdings comparison of Summit Financial Wealth Advisors, LLC, providing insights into the companies in which the firm has invested.

Summit Financial Wealth Advisors, LLC Investment Approach

Summit Financial Wealth Advisors, LLC (Summit) is a registered investment advisor based in Ramsey, New Jersey. The company was founded in 1999 and currently manages approximately $2.5 billion in assets. Summit's investment approach is centered around understanding the client's goals, risk tolerance, and investment horizon. With this information, Summit creates an individualized investment plan for each client, leveraging a diverse set of investment products.

Summit's Portfolio Changes

According to the Q4 2022 vs. Q1 2023 13F holdings comparison, Summit made significant changes to its portfolio. The firm's total portfolio value increased from $103.2 million to $106.9 million, representing a change of 3.5%. Summit also increased its number of holdings from 59 to 61.

Let's take a closer look at some of the changes that Summit made to its portfolio.

First Tr Exchange Traded FD Vi

Summit added 1,382,245 shares of First Tr Exchange Traded FD Vi, which was its largest new position, worth $44.4 million. The fund's objective is to provide investment results that correspond to the price and yield performance of the Nasdaq US Dividend Achievers Select Index.

Vanguard Index FDS

Summit decreased its position in Vanguard Index FDS by 2.7%, with 123,382 shares, worth $30.8 million, in Q1 2023. Vanguard Index FDS seeks to track the performance of the CRSP US Large Cap Growth Index, which measures the investment return of large-cap growth stocks.

First Tr Morningstar Divid L

Summit increased its position in First Tr Morningstar Divid L by 92.7%. It now holds 831,258 shares worth $29.5 million in Q1 2023. The fund’s objective is to track the Morningstar Dividend Yield Focus Index.

Verdict

In conclusion, Summit Financial Wealth Advisors, LLC made some significant changes to its portfolio during Q4 2022 and Q1 2023. The firm increased its portfolio value by 3.5%, added new positions, and increased its exposure to certain existing holdings. As with any investment advisor, it is crucial to understand Summit's investment approach and philosophy before considering investing in its offerings. The Q4 2022 vs. Q1 2023 13F holdings comparison provides investors with valuable insights into the company's investment strategy.