Fortress Wealth Management, Inc. recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
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As of the latest 13F report, the guru’s equity portfolio contained 57 stocks valued at a total of $120.00Mil. The top holdings were SSPY(13.54%), AVLV(8.10%), and DFIV(7.05%).
According to GuruFocus data, these were Fortress Wealth Management, Inc.’s top five trades of the quarter.
DoubleLine Opportunistic Bond ETF
The guru established a new position worth 55,917 shares in ARCA:DBND, giving the stock a 2.59% weight in the equity portfolio. Shares traded for an average price of $47.66 during the quarter.
On 01/17/2023, DoubleLine Opportunistic Bond ETF traded for a price of $46.85 per share and a market cap of $62.83Mil. The stock has returned 0.00% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
T. Rowe Price Growth Stock ETF
Fortress Wealth Management, Inc. reduced their investment in ARCA:TGRW by 122,319 shares. The trade had a 2.49% impact on the equity portfolio. During the quarter, the stock traded for an average price of $23.48.
On 01/17/2023, T. Rowe Price Growth Stock ETF traded for a price of $21.73 per share and a market cap of $36.61Mil. The stock has returned -29.90% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, T. Rowe Price Growth Stock ETF has a price-book ratio of 5.99.
ProShares Investment Grade-Interest Rate Hedged
Fortress Wealth Management, Inc. reduced their investment in BATS:IGHG by 34,512 shares. The trade had a 2.24% impact on the equity portfolio. During the quarter, the stock traded for an average price of $69.33.
On 01/17/2023, ProShares Investment Grade-Interest Rate Hedged traded for a price of $72.3 per share and a market cap of $377.77Mil. The stock has returned 0.71% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Dimensional International Value ETF
During the quarter, Fortress Wealth Management, Inc. bought 70,228 shares of ARCA:DFIV for a total holding of 241,261. The trade had a 1.84% impact on the equity portfolio. During the quarter, the stock traded for an average price of $28.58.
On 01/17/2023, Dimensional International Value ETF traded for a price of $32.54 per share and a market cap of $4.79Bil. The stock has returned -7.56% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Dimensional International Value ETF has a price-earnings ratio of 7.82 and a price-book ratio of 0.93.
Avantis U.S. Large Cap Value ETF
During the quarter, Fortress Wealth Management, Inc. bought 33,052 shares of ARCA:AVLV for a total holding of 172,273. The trade had a 1.49% impact on the equity portfolio. During the quarter, the stock traded for an average price of $48.45.
On 01/17/2023, Avantis U.S. Large Cap Value ETF traded for a price of $52.57 per share and a market cap of $812.73Mil. The stock has returned -3.11% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Avantis U.S. Large Cap Value ETF has a price-earnings ratio of 10.64 and a price-book ratio of 2.70.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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