Element Pointe Increases IHF Stake 9.6%
Element Pointe Advisors LLC showed active repositioning across multiple exchange-traded funds in the first quarter, increasing stakes in iShares U.S. Healthcare Providers ETF (IHF) by 9.6 to 444,622 shares while noting IHF comprises about 3.5% of its portfolio. The firm also boosted its iShares Core S&P 500 ETF (IVV) holding by 3.3% to 304,933 shares, making IVV the largest single holding at roughly 37.6% of its portfolio. In addition, Element Pointe acquired 223,948 shares of SPDR S&P Transportation ETF (XTN), valued around $20.8 million, placing XTN as about 3.9% of its holdings. The transactions reflect a broader pattern of active management, with other institutions also adjusting positions in these funds. Conversely, Element Pointe trimmed its stake in iShares MSCI USA Quality Factor ETF (QUAL) by 7.3%, ending with 78,410 shares as part of portfolio-level rebalancing. Overall, the filings illustrate a strategy of targeted increases in core index exposures while pruning a non-core holding.
