Signal Advisors Reduces NASDAQ-100 ETF Stake by $23 Million During Tech Stock Surge
On Thursday, Signal Advisors Wealth announced a significant reduction in its holdings of the Invesco NASDAQ 100 ETF. This decision involved the sale of 98,307 shares, resulting in an estimated transaction value of $23.2 million.
Details of the Transaction
The SEC filing revealed that this transaction took place during the third quarter. The estimated value of the sale was calculated based on the average closing price of the ETF for that period.
- Shares sold: 98,307
- Estimated transaction value: $23.2 million
- Remaining shares: 21,311
- Current value of remaining shares: $5.3 million
- Percentage of 13F reportable AUM: 0.5%
Impact on Holdings
Following the sale, Signal Advisors now holds a significantly smaller stake in the Invesco NASDAQ 100 ETF. This move reflects a strategic decision amidst the ongoing fluctuations in technology stocks.
The reduction in stake indicates a shift in the firm’s investment strategy during a period marked by notable activity in the tech sector. The remaining assets are notably less impactful in terms of total assets under management reported in the 13F filings.
As the landscape continues to evolve, watching how firms like Signal Advisors adjust their portfolios will provide insight into market trends.
