Mixed ETF Portfolio Trades
Marotta Asset Management Reports Mixed Third-Quarter ETF Portfolio Adjustments
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Key Points
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After its QUS purchase, Marotta owned 93,212 shares valued at $17.721 million; the ETF represented about 3.0% of its portfolio and was its ninth-largest position.
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Bank of America increased its XCEM stake by 10.2%, adding 318,012 shares to bring its position to 3,427,623 shares, valued at about $139.9 million.
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Miller Global Investments retained 5,511 EMXC shares after its sale, with the remaining stake valued at $546,000 at quarter-end.
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Marotta’s remaining EWO position was 249,419 shares, valued at $10.615 million; the ETF accounted for about 1.8% of its portfolio and ranked 22nd among its holdings.
Marotta Asset Management made selective moves across its ETF portfolio in the third quarter, boosting its SPDR MSCI USA StrategicFactors ETF position by 9.7% while paring back emerging-market and Austria-focused holdings. The firm now owns 93,212 shares of the strategic factors fund valued at $17.721 million, according to WatchList News, making it roughly 3.0% of Marotta's portfolio and its ninth-largest holding.
Meanwhile, other institutional investors showed divergent appetite for the same funds. Bank of America added 10.2% to its emerging-markets position, while Miller Global Investments cut its exposure to the same fund by more than half, retaining only $546,000 in value by quarter-end.
Marotta Doubles Down on USA Strategic Factors
Marotta Asset Management's largest third-quarter move was a 9.7% increase in its SPDR MSCI USA StrategicFactors ETF stake, according to WatchList News. The purchase added to an existing position, bringing Marotta's total holding to 93,212 shares worth $17.721 million. This strategic-factors fund now ranks ninth among Marotta's holdings, representing about 3.0% of its total portfolio value.
Trimming Emerging Markets and Austria Exposure
Marotta trimmed two smaller positions during the same period. The firm cut its Columbia EM Core ex-China ETF stake by 4.8%, though the fund remained Marotta's second-largest holding at 6.7% of its portfolio. It also reduced its iShares MSCI Austria ETF position by 5.7%, leaving it with 249,419 shares valued at $10.615 million — ranking 22nd in the portfolio at 1.8% of assets.
Bank of America Increases Emerging-Markets Bet
While Marotta was selling emerging-markets exposure, Bank of America moved in the opposite direction. The bank increased its iShares MSCI Emerging Markets ex China ETF position by 10.2%, adding 318,012 shares to reach 3,427,623 total shares valued at approximately $139.9 million, according to WatchList News. The move signals institutional confidence in the fund despite broader market uncertainty.
Miller Global Slashes Emerging-Markets Holdings
Miller Global Investments took a more aggressive stance on emerging markets, cutting its iShares MSCI Emerging Markets ex China ETF position by 65.6% during the quarter. The firm retained just 5,511 shares valued at $546,000 at quarter-end, per WatchList News. The sharp reduction suggests Miller Global reassessed its risk appetite for non-China emerging-market exposure.
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