Major ETF Portfolio Shifts
Orgel Wealth Management Discloses Major Second-Quarter Portfolio Moves and New ETF Stakes
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Key Points
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Orgel held 6,826,192 shares of Global X U.S. Preferred ETF (PFFD) after selling 219,679 in Q2, a stake of roughly 5.86% of the ETF and about 2.4% of Orgel's portfolio, with the position valued at approximately $127.6 million and ranking as its 15th biggest holding.
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Orgel's Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) position was cut by 97% to 54,702 shares, representing about 0.18% of its portfolio and roughly $3.17 million in value. FLQM traded with an opening price around $60.98 on the report date.
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Orgel established a substantial new stake in iShares Core S&P Mid-Cap ETF (IJH), acquiring 1,548,629 shares valued at about $119.4 million, making IJH roughly 2.3% of its portfolio and its 16th largest position.
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Orgel increased its iShares Russell 1000 Growth ETF (IWF) holding to 14,882 shares, worth about $1.85 million, reflecting a 401.9% rise in the second quarter.
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Orgel's stake in iShares Core S&P 500 ETF (IVV) rose 6.1% to 646,536 shares, about 9.2% of its portfolio and roughly $484.2 million in value; the IVV position is one of its largest, and the ETF itself is predominantly owned by hedge funds and institutional investors (about 70.12% held by such investors).
Orgel Wealth Management LLC made significant portfolio shifts in the second quarter, establishing a new $119.4 million stake in iShares Core S&P Mid-Cap ETF (IJH) while trimming other positions. According to Watchlist News, the firm acquired 1,548,629 IJH shares, making it roughly 2.3% of Orgel's total portfolio and its 16th largest holding.
The moves reflect a broader rebalancing strategy. Orgel boosted its iShares Russell 1000 Growth ETF (IWF) position by 401.9% and increased iShares Core S&P 500 ETF (IVV) by 6.1%, while cutting its Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) stake by 97%.
Orgel's New Mid-Cap Growth Bet
Orgel established a major new position in IJH during Q2, Ticker Report showed. The firm bought 1,548,629 shares valued at approximately $119.42 million. This represents one of Orgel's largest new acquisitions and signals confidence in mid-cap growth opportunities.
Growth ETF Holdings Surge Dramatically
Orgel's iShares Russell 1000 Growth ETF (IWF) position exploded in Q2. Watchlist News reported the firm increased its holdings by 401.9%, bringing total shares to 14,882. The position is now worth approximately $1.85 million.
Large S&P 500 Position Reaches $484 Million
Orgel continued building its core S&P 500 exposure. The firm increased iShares Core S&P 500 ETF (IVV) holdings by 6.1% to 646,536 shares, worth roughly $484.2 million. This makes IVV one of Orgel's largest holdings at about 9.2% of total portfolio value.
Orgel Scales Back Preferred Stock and Mid-Cap Bets
Not all moves were increases. Orgel trimmed its Global X U.S. Preferred ETF (PFFD) stake by 3.1%, selling 219,679 shares. The remaining position of 6.83 million shares is valued at $127.6 million and ranks as its 15th biggest holding. More dramatically, Orgel cut its Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) position by 97%, leaving just 54,702 shares worth $3.17 million.
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