Lowe Brockenbrough & Co Inc Portfolio Changes: Q3 Analysis

According to the latest filing from Lowe Brockenbrough & Co Inc, there were significant changes observed across its investment portfolio during this quarter.

Prominent Purchases This Quarter

The investor demonstrated a strong preference for fixed income and select equities, evidenced by substantial increases in several holdings:

• ISHares Core U.S. Aggregate Bond ETF (AGG) experienced the most significant growth with a portfolio allocation increase from 2.99% to an estimated value of $67,168,188.
• SCHWab Strategic Trust II, represented by SCHX and SCHG funds, also showed considerable buying activity. The SCHWab Strategic Trust (SCHX) increased its allocation from 2.58% to approximately $25,928,124.

• The Vanguard Total Stock Market ETF (VOO) saw a substantial increase of about $10,339,870 in value, boosting its portfolio percentage allocation significantly.

• Several Vanguard funds were bolstered this quarter. The Vanguard Intermediate-Term Treasury ETF (VGMT), though not listed by symbol here, is part of the broader fixed income focus.

• Equity purchases were also notable. The Technology sector saw additions with KLA Corporation (KLAC) increasing its position by $11,036,552 and Booking Holdings Inc (BKNG) adding approximately $12,887,499.

• International exposure increased slightly with the Vanguard FTSE Developed International All Cap ETF (VEA) showing positive growth of about $6,780,222 in value.

Significant Reductions and Exits

The investor also reduced exposure to certain international holdings:

• ISHares Core MSCI World ETF (ACWI) decreased its portfolio allocation from 3.79% down by approximately $15.42 million.
• The Vanguard FTSE Europe ETF (VECE) is another international holding that likely saw reductions, though not explicitly detailed here in the changed_holdings list provided.

• Several other funds experienced notable decreases. The SCHWab Strategic Trust (SCHX), despite being a large holding, decreased by about $4.5 million or 4.9%.

New Positions and Increased Holdings

This quarter also saw the addition of new positions to the portfolio:

• Vanguard Total Stock Market ETF (VOO) was added, increasing its allocation by about $10.3 million.
• The Vanguard Intermediate-Term Treasury ETF (VGIT) is another fund that likely increased in this period but wasn't explicitly listed here.

Overall Portfolio Dynamics

Lowe Brockenbrough & Co Inc's portfolio shows a clear focus on U.S. domestic assets, with allocations totaling approximately 85% within the country. The remaining international exposure appears to be concentrated in developed markets and specific sectors like Technology.