FOREFRONT 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.
18 CHURCH ROAD MALVERN, PA 19355
As of the latest 13F report, the guru’s equity portfolio contained 42 stocks valued at a total of $74.00Mil. The top holdings were HDV(9.99%), MSFT(7.07%), and AAPL(6.82%).
According to GuruFocus data, these were FOREFRONT WEALTH MANAGEMENT INC.’s top five trades of the quarter.
Vanguard Short-Term Corporate Bond ETF
The guru sold out of their 27,931-share investment in NAS:VCSH. Previously, the stock had a 2.89% weight in the equity portfolio. Shares traded for an average price of $74.26000000000001 during the quarter.
On 02/15/2023, Vanguard Short-Term Corporate Bond ETF traded for a price of $75.51000000000001 per share and a market cap of $41.03Bil. The stock has returned -2.90% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
iShares Core High Dividend ETF
During the quarter, FOREFRONT WEALTH MANAGEMENT INC. bought 16,071 shares of ARCA:HDV for a total holding of 71,176. The trade had a 2.26% impact on the equity portfolio. During the quarter, the stock traded for an average price of $101.44.
On 02/15/2023, iShares Core High Dividend ETF traded for a price of $103.8499 per share and a market cap of $12.00Bil. The stock has returned 4.97% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core High Dividend ETF has a price-earnings ratio of 13.22 and a price-book ratio of 3.05.
General Motors Co
The guru established a new position worth 18,306 shares in NYSE:GM, giving the stock a 0.83% weight in the equity portfolio. Shares traded for an average price of $36.96 during the quarter.
On 02/15/2023, General Motors Co traded for a price of $42.39 per share and a market cap of $59.12Bil. The stock has returned -14.25% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, General Motors Co has a price-earnings ratio of 6.90, a price-book ratio of 0.88, a price-earnings-to-growth (PEG) ratio of 11.50, a EV-to-Ebitda ratio of 6.02 and a price-sales ratio of 0.39.
The price-to-GF Value ratio is 0.86, earning the stock a GF Value rank of 9.
Qualcomm Inc
FOREFRONT WEALTH MANAGEMENT INC. reduced their investment in NAS:QCOM by 4,878 shares. The trade had a 0.77% impact on the equity portfolio. During the quarter, the stock traded for an average price of $117.
On 02/15/2023, Qualcomm Inc traded for a price of $131.46 per share and a market cap of $146.58Bil. The stock has returned -22.20% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Qualcomm Inc has a price-earnings ratio of 12.68, a price-book ratio of 7.81, a price-earnings-to-growth (PEG) ratio of 0.29, a EV-to-Ebitda ratio of 9.90 and a price-sales ratio of 3.44.
The price-to-GF Value ratio is 0.72, earning the stock a GF Value rank of 10.
Nuveen Pennsylvania Quality Municipal Income Fund
The guru sold out of their 50,549-share investment in NYSE:NQP. Previously, the stock had a 0.77% weight in the equity portfolio. Shares traded for an average price of $10.98 during the quarter.
On 02/15/2023, Nuveen Pennsylvania Quality Municipal Income Fund traded for a price of $11.57 per share and a market cap of $432.52Mil. The stock has returned -10.46% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 3 out of 10.
In terms of valuation, Nuveen Pennsylvania Quality Municipal Income Fund has a price-book ratio of 0.86.
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.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
