Investment firm IFP Advisors Inc. has been actively adjusting its portfolio in the fourth quarter, according to recent filings and reports. The firm made notable changes in its holdings across several companies, reflecting its investment strategy and market outlook. Let's take a closer look at some of the key transactions.
Donaldson Company, Inc. (NYSE:DCI)
IFP Advisors Inc. significantly increased its position in Donaldson Company, Inc. (NYSE:DCI), a company specializing in industrial products. According to their most recent 13F filing with the SEC, the firm grew its stake by a substantial 94.5% during the fourth quarter. This translates to the purchase of an additional 1,334 shares, bringing their total holdings to 2,745 shares. This move signals a strong vote of confidence in Donaldson's performance and future prospects.
FT Vest International Equity Moderate Buffer ETF – December (BATS:YDEC)
In contrast to its increased investment in Donaldson, IFP Advisors Inc. reduced its position in the FT Vest International Equity Moderate Buffer ETF – December (BATS:YDEC). Holdings Channel reports that the firm cut its holdings by 27.2% in the fourth quarter, selling off 2,011 shares. This leaves IFP Advisors Inc. with 5,373 shares of the ETF. This reduction could be due to a shift in investment strategy or a reassessment of the ETF's performance potential.
Xenia Hotels & Resorts, Inc. (NYSE:XHR)
The firm also increased its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR), a real estate investment trust. Holdings Channel.com reports that IFP Advisors Inc. boosted its holdings by 16.5% in the fourth quarter, acquiring an additional 1,250 shares. This brings their total holdings to 8,817 shares, representing a $131,000 stock holding. This investment suggests a positive outlook on the hospitality sector and Xenia's performance within it.
Other Notable Moves
Beyond these specific transactions, other companies are also seeing investment activity. Truist Financial Corp purchased a new stake in Prestige Consumer Healthcare Inc. (NYSE:PBH), acquiring 4,422 shares valued at approximately $345,000. Meanwhile, Sprinklr (NYSE:CXM) is set to release its quarterly earnings soon, with analysts anticipating earnings of $0.07 per share and revenue of $200.59 million.
Finally, the growing importance of clean energy is highlighted by the recommendation of NextEra Energy (NYSE: NEE) and Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) as long-term dividend stocks for investors. These companies are positioned to benefit from the increasing demand for clean and sustainable energy sources.
These various transactions demonstrate the dynamic nature of investment management and IFP Advisors Inc.'s active approach to portfolio adjustments in response to market conditions and investment opportunities. Investors will be watching closely to see how these decisions play out in the coming quarters.
