American State Bank (Iowa): Significant ETF Purchases & Sales in Q2 2026

As part of its investment strategy for the period ending June 30th, 2026 (Q2 2026), American State Bank (Iowa) demonstrated active buying and selling patterns across various asset classes. The bank's portfolio, valued at approximately $245.9 million as of the reporting date, saw specific changes in its holdings that reflect management's current outlook.

Prominent Purchases This Quarter

The most significant buying activity during this quarter involved several exchange-traded funds (ETFs). Notably, ISHARES TR (IWF) experienced a substantial increase of 82,336 shares, representing an astronomical 248.93% change from the previous period and adding $14.3 million to its value. Similarly, ISHARES TR (HDV) saw a massive jump of 83,610 shares, an increase of over 390% in holdings and contributing $2.9 million to its value.

The bank also showed strong interest in other ETFs this quarter. VANGUARD INDEX FDS (VUG) was added with 5,388 shares purchased, a significant increase given its previous allocation or lack thereof. Furthermore, the bank invested in DISNEY WALT CO (DIS), acquiring enough shares to boost its portfolio weighting by 0.16 percentage points.

Notable Sales and Reductions

In contrast, American State Bank also divested from certain holdings during Q2 2026. The bank significantly reduced its position in several iShares ETFs. Specifically, ISHARES TR (IWV) saw a decrease of nearly half its prior period holdings (-3472 shares or -53.65%), reducing the value contribution from this ETF.

The bank also sold off ISHARES TR (IWO), decreasing its holdings by 2,744 shares (-52.85%) and exiting another iShares ETF category altogether (ISHARES TR (IWN) also saw a large reduction of -2,841 shares or -51.22%).

Additionally, the bank disposed of its position in CVS HEALTH CORP (CVS), completely exiting this stock with a reduction of 4,290 shares (-55.06%) and removing it from the portfolio.

Overall Portfolio Dynamics

The changes observed in American State Bank's holdings during Q2 2026 indicate a dynamic investment approach focused on ETFs for diversification and specific stock picks like DISNEY WALT CO (DIS) and MEDTRONIC PLC (MDT). The portfolio now includes 138 holdings, with the top five positions accounting for approximately 27.3% of its total value.

Regarding sector allocation, American State Bank's portfolio continues to be distributed across various sectors as disclosed in the filing. However, no specific information is provided about purchases or sales within the Energy sector during this period.