Melone Private Wealth, LLC 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.
3121 UNIVERSITY DRIVE AUBURN HILLS, MI 48326
As of the latest 13F report, the guru’s equity portfolio contained 53 stocks valued at a total of $118.00Mil. The top holdings were DON(8.00%), SPAB(6.71%), and DGRW(6.21%).
According to GuruFocus data, these were Melone Private Wealth, LLC’s top five trades of the quarter.
Nuveen Municipal Credit Opps Fund
During the quarter, Melone Private Wealth, LLC bought 93,761 shares of NYSE:NMCO for a total holding of 362,312. The trade had a 0.87% impact on the equity portfolio. During the quarter, the stock traded for an average price of $11.15.
On 01/19/2023, Nuveen Municipal Credit Opps Fund traded for a price of $12.115 per share and a market cap of $663.56Mil. The stock has returned -12.49% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 2 out of 10.
In terms of valuation, Nuveen Municipal Credit Opps Fund has a price-book ratio of 1.09.
SPDR Nuveen Bloomberg High Yield Municipal Bond ETF
During the quarter, Melone Private Wealth, LLC bought 19,837 shares of ARCA:HYMB for a total holding of 83,392. The trade had a 0.82% impact on the equity portfolio. During the quarter, the stock traded for an average price of $24.21.
On 01/19/2023, SPDR Nuveen Bloomberg High Yield Municipal Bond ETF traded for a price of $25.51 per share and a market cap of $2.26Bil. The stock has returned -10.74% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
VanEck Short High Yield Muni ETF
The guru sold out of their 34,285-share investment in BATS:SHYD. Previously, the stock had a 0.66% weight in the equity portfolio. Shares traded for an average price of $21.91 during the quarter.
On 01/19/2023, VanEck Short High Yield Muni ETF traded for a price of $22.7 per share and a market cap of $436.22Mil. The stock has returned -5.80% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
WisdomTree U.S. Dividend Growth Fund
During the quarter, Melone Private Wealth, LLC bought 11,793 shares of NAS:DGRW for a total holding of 121,425. The trade had a 0.6% impact on the equity portfolio. During the quarter, the stock traded for an average price of $59.4.
On 01/19/2023, WisdomTree U.S. Dividend Growth Fund traded for a price of $60.26 per share and a market cap of $7.53Bil. The stock has returned -3.49% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, WisdomTree U.S. Dividend Growth Fund has a price-earnings ratio of 20.37 and a price-book ratio of 5.27.
iShares J.P. Morgan USD Emerging Markets Bond ETF
Melone Private Wealth, LLC reduced their investment in NAS:EMB by 8,358 shares. The trade had a 0.59% impact on the equity portfolio. During the quarter, the stock traded for an average price of $82.06.
On 01/19/2023, iShares J.P. Morgan USD Emerging Markets Bond ETF traded for a price of $88.7 per share and a market cap of $16.55Bil. The stock has returned -11.09% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
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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