Silverlake Wealth Management Invests $562,000 in Astoria ETF

Silverlake Wealth Management LLC has recently acquired a new stake in the Astoria US Quality Kings ETF (NASDAQ: ROE), purchasing 17,451 shares valued at approximately $562,000 during the second quarter of 2023. This investment highlights the growing interest in this exchange-traded fund as several other institutional investors have also adjusted their positions in ROE.

Oregon Pacific Wealth Management LLC has increased its holdings in the Astoria ETF by 7.0%, bringing its total to 176,404 shares valued at $5,682,000, following the acquisition of an additional 11,591 shares during the same period. Similarly, Greenwich Wealth Management LLC also expanded its investment, raising its stake by 7.5% to own 63,891 shares worth $2,058,000 after purchasing an extra 4,471 shares.

In addition to these investments, Outlook Wealth Advisors LLC entered the market with a new position in the Astoria ETF valued at about $203,000. Other firms, such as Belpointe Asset Management LLC and Compound Planning Inc., made significant investments earlier in the year, with Belpointe acquiring shares worth approximately $7,986,000 and Compound Planning investing about $801,000.

Market Performance of ROE

As of Monday, shares of Astoria US Quality Kings ETF opened at $35.41. The company boasts a market capitalization of $166.78 million, a price-to-earnings ratio of 18.34, and a beta of 1.07. Over the past year, the stock has fluctuated between a low of $25.42 and a high of $36.12, with a current 50-day moving average of $34.68 and a 200-day moving average of $33.40.

About the Astoria US Quality Kings ETF

The Astoria US Quality Kings ETF is designed primarily for long-term capital appreciation, investing in 100 high-quality US stocks within the large- and mid-cap sectors. It operates as an actively managed ETF, utilizing proprietary quantitative screens to select its investments. This strategy aims to provide investors with strong returns based on rigorous analysis of the equity market.

For those interested in further details regarding institutional holdings or insider trades for the Astoria US Quality Kings ETF, resources such as Holdings Channel provide up-to-date information and insights.