ETF Stakes Grow
Talon Private Wealth Expands ETF Holdings Amid Broader Institutional Shift to Bonds and Hedged Equity
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Key Points
1
Royal Bank of Canada boosted its Vanguard Intermediate-Term Treasury ETF (VGIT) stake by 14.5% in the first quarter, now holding 1,844,031 VGIT shares worth about $109.8 million after purchasing an additional 234,087 shares.
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Empowered Funds LLC increased its VGIT position by 13.9% in the first quarter to 352,227 shares valued at approximately $20.9 million, after buying an additional 43,094 shares.
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Estate Counselors LLC opened a new VGIT position in the first quarter, worth about $1.086 million.
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Mittelman Wealth Management increased its VGIT stake by 199.5% in the first quarter to 49,959 shares valued at roughly $2.975 million after purchasing 33,278 additional shares.
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NewEdge Advisors LLC expanded its position in Innovator MSCI EAFE Power Buffer ETF – April (IAPR) by 565.4% in the second quarter, now owning 133,533 shares worth about $3.905 million after acquiring an additional 113,465 shares during the last quarter.
Talon Private Wealth LLC made a series of new ETF investments in the first quarter, spanning government bonds, hedged international equities, and high-yield corporate debt. The firm's largest single move was a 33,040-share stake in SPDR Bloomberg High Yield Bond ETF (JNK), worth about $3.163 million, according to Watchlist News.
The new positions signal a deliberate push into diversified fixed-income and equity-hedged products. Talon also picked up stakes in Vanguard's intermediate and long-term Treasury ETFs, plus an international equity buffer fund — all in a single quarter.
Talon Builds Out Treasury Bond Positions
Talon added 16,451 shares of Vanguard Long-Term Treasury ETF (VGLT), worth roughly $911,000, according to Watchlist News. These are bonds with maturities stretching far into the future. Long-duration Treasuries are sensitive to interest rate changes, making the move a bet that rates could fall.
The firm also opened a 25,427-share position in Vanguard Intermediate-Term Treasury ETF (VGIT), valued at about $1.514 million. VGIT holds bonds with shorter maturities than VGLT but still offers meaningful interest rate exposure. Together, the two positions give Talon over $2.4 million in U.S. Treasury ETF holdings.
Big Institutions Also Piled Into VGIT This Quarter
Talon wasn't alone in loading up on intermediate Treasuries. Royal Bank of Canada bought an additional 234,087 VGIT shares in Q1, boosting its total stake to 1,844,031 shares worth about $109.8 million — a 14.5% increase, per Watchlist News. Empowered Funds LLC also added 43,094 shares, growing its position 13.9% to 352,227 shares valued at $20.9 million.
Mittelman Wealth Management nearly tripled its VGIT stake, up 199.5% to 49,959 shares worth $2.975 million after buying 33,278 new shares. Estate Counselors LLC opened a fresh position worth about $1.086 million. The wave of institutional buying points to growing confidence in mid-duration government bonds as a safe haven.
Innovator International Buffer ETF Draws Heavy Demand
Talon purchased 61,146 shares of Innovator MSCI EAFE Power Buffer ETF – April (IAPR), worth about $1.936 million, according to Watchlist News. IAPR is a "buffer" ETF — it limits losses up to a set amount while also capping gains. It tracks international developed markets outside the U.S. and Canada.
NewEdge Advisors LLC went even bigger on IAPR. The firm expanded its position by 565.4% in the second quarter, adding 113,465 shares to reach a total of 133,533 shares worth about $3.905 million. That kind of jump in a single quarter shows sharp rising interest in hedged international equity exposure.
High-Yield Bond Bet Rounds Out Talon's Strategy
The firm's biggest new position was 33,040 shares of SPDR Bloomberg High Yield Bond ETF (JNK), valued at around $3.163 million. JNK holds corporate bonds rated below investment grade — often called "junk bonds." These bonds pay higher yields but carry more risk of default than government bonds.
Talon also acquired a $1.17 million stake in Innovator U.S. Equity Power Buffer ETF – February (PFEB) and $1.82 million in T-Mobile US stock, per Watchlist News. The mix of government bonds, hedged equity funds, and high-yield credit suggests Talon is spreading risk across multiple asset classes as markets stay uncertain.
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