Filings Show Advisers Shift ETF Holdings

Recent regulatory filings show mixed institutional trading across several exchange-traded funds. Wedmont Private Capital cut its iShares Semiconductor ETF stake by 71.5%, while Valeo Financial Advisors reduced its Invesco Semiconductors ETF holdings by 77.2%. Fermata Advisors trimmed its Invesco QQQ position by 4.9%, and CoreCap Advisors reduced its Invesco RAFI Developed Markets ex-U.S. ETF stake by 65.3%. CoreCap also disclosed a new 11,485-share position in the Invesco RAFI US 1000 ETF; other investors reported additions and new positions across the funds, underscoring varied portfolio moves rather than a uniform shift.