Fifth Third Securities Q2 Activity: Major Buys in Growth ETFs
Fifth Third Securities Inc. saw substantial buying activity this quarter, particularly favoring growth-oriented exchange-traded funds.
According to the latest filing from Fifth Third Securities Inc., there were observable changes in their portfolio holdings during Q2. The analysis focuses solely on the listed purchases and sales, as detailed below.
Significant Purchases This Quarter
Fifth Third Securities demonstrated strong buying activity this quarter, adding substantial positions to several exchange-traded funds (ETFs). Notably, they significantly increased their stake in Vanguard Growth ETF (VUG), acquiring an additional 409,299 shares. This substantial increase contributed to a portfolio allocation of 2.41% for VUG.
Other significant additions included iShares Russell 1000 Growth ETF (IWF), where Fifth Third Securities added 169,723 shares. Similarly, they boosted their position in Vanguard S&P 500 Growth ETF (VOOG) by acquiring 150,529 more shares.
The investor also purchased a considerable amount of Vanguard Information Technology ETF (VGT), adding 100,737 shares. Furthermore, they invested in Fidelity Enhanced International ETF (FENI) with a net increase of 143,108 shares.
Prominent Sales Observed
In contrast to the buying activity, Fifth Third Securities also reported significant selling during this period. The most notable sale was SPDR Portfolio Long Term Corp Bd ETF (SPLB), where they sold a substantial 171,417 shares representing nearly a 92% reduction in their position.
Additionally, the investor disposed of Franklin Focused Growth ETF (FFOG), selling all remaining shares as evidenced by the -92.22% change in holdings and zero allocation percentage.
Other Notable Changes
Beyond these major shifts, Fifth Third Securities made several other noteworthy adjustments to their portfolio this quarter:
- Purchased shares of Invesco KBW Premium Yield Equity REIT ETF (KBWY), adding 106,097 more shares.
- Acquired additional units in SPDR Portfolio S&P 500 BuyWrite ETF (PBP), increasing holdings by 56,763 shares.
- Purchased more of Vanguard Mid-Cap ETF (VO) during the quarter.
No Disclosures for Other Categories
The filing does not provide information on changes within specific sectors, indicating no disclosed activity in that area. Furthermore, while there were many holdings with small changes or exits due to price movements (as seen in the top holdings list), these are considered normal portfolio turnover and may not represent significant strategic shifts.