Wealth Advisor Rebalances
Integrity Wealth Advisors Actively Rebalances Portfolio, Adding New Stakes in Key ETFs.
Key Points
After cutting its Davis Select Worldwide ETF (DWLD) stake by 61.6%, Integrity Wealth Advisors reported it owned 45,649 shares post-sale, worth about $2.134 million—making DWLD its 15th-largest position and roughly 0.44% of the ETF’s outstanding value in its own filing.
The 71.3% reduction in SPDR Portfolio Intermediate Term Treasury ETF (SPTI) left Integrity Wealth with 142,967 shares, valued at about $4.122 million (SPTI was 2.8% of its holdings and its 9th-largest position).
While Integrity Wealth cut First Trust Rising Dividend Achievers ETF (RDVY) by 50.2%, it still held 268,530 shares—RDVY represented about 12.7% of its portfolio (its largest position) and the holding was worth approximately $18.655 million.
Concurrent with Integrity Wealth’s moves, Bank of America Corp. DE sharply increased its SPTI exposure—raising its position by 164.5% to 18,216,837 shares (worth about $524.1 million) after purchasing an additional 11,328,620 shares.
For IEFA, Integrity Wealth’s new position totaled 19,627 shares valued at about $1.756 million; the report also notes IEFA opened at $96.81 and had a market cap of about $165.55 billion.
Integrity Wealth Advisors cut or sold major positions across several ETFs in the first quarter of 2026, while opening two brand-new stakes — including a $1.76 million entry into the iShares Core MSCI EAFE ETF (IEFA). The California-based firm, which manages roughly $285.5 million in assets, submitted its Q1 Form 13F filing on May 15, 2026, revealing a sweeping portfolio rebalance across 73 holdings worth about $167.74 million, according to SEC Filings.
The moves signal a clear strategic shift: less exposure to actively managed global funds and intermediate U.S. Treasuries, and more weight in passive international equity and long-duration bonds. IEFA opened at $96.81 on the day of reporting and carries a market cap of roughly $165.55 billion, per SEC Filings.
Firm Dumps Over Half Its RDVY and Treasury Stakes
The firm's biggest cut was in the SPDR Portfolio Intermediate Term Treasury ETF (SPTI). Integrity Wealth slashed its stake by 71.3%, leaving it with 142,967 shares worth about $4.12 million. That made SPTI its 9th-largest position, at 2.8% of the total portfolio, according to SEC Filings.
The firm also cut the First Trust Rising Dividend Achievers ETF (RDVY) by 50.2%. Even after selling roughly 270,000 shares, it still holds 268,530 shares worth about $18.66 million. RDVY remains its single largest position at 12.7% of the portfolio. The Davis Select Worldwide ETF (DWLD) took a 61.6% cut, leaving 45,649 shares worth $2.13 million — its 15th-largest holding, per SEC Filings.
New IEFA Buy Signals Shift From Active to Passive Global Funds
While trimming actively managed global exposure through DWLD, Integrity Wealth opened a fresh 19,627-share position in IEFA, valued at about $1.76 million. IEFA tracks developed international markets — mainly Europe and Japan — through a passive index. The move reflects a broader industry trend away from active stock-picking toward lower-cost index funds, according to HedgeFollow.
Analysts at Ameriprise Financial view the international pivot as a hedge against U.S. market overconcentration. After years of outperformance by large domestic tech stocks, developed international markets now offer more attractive valuations. The firm also initiated a new position in the SPDR Portfolio Long Term Treasury ETF (SPTL), worth about $1.47 million.
Bank of America Bets the Other Way on Treasury Duration
While Integrity Wealth pulled back sharply on intermediate Treasuries, Bank of America moved in the opposite direction. The bank raised its SPTI position by 164.5%, adding 11,328,620 shares to reach a total of 18,216,837 shares worth roughly $524.1 million, according to SEC Filings. That is a stark contrast to Integrity Wealth's 71.3% cut in the same fund.
The split highlights a fundamental disagreement over where yields are headed. Boutique advisors like Integrity Wealth appear to be betting on falling rates — locking in long-term yields through SPTL before anticipated Federal Reserve cuts. Large banks like Bank of America seem to favor staying shorter. Industry experts at Goldstone Financial Group describe the SPTL buy as an attempt to capture high yields before rate cuts arrive.
Macro Pressures and Tax Law Changes Drove the Rebalance
The overhaul did not happen in a vacuum. Integrity Wealth's April 2026 newsletter cited "geopolitical shocks and renewed interest in inflation protection" as key concerns heading into the year. The firm's partner Jeff Gott has publicly emphasized "tax-efficient legacy planning" as a core client priority, according to Integrity Wealth Advisors.
A major legislative change also reshaped planning decisions. The "One Big Beautiful Bill" raised the federal estate tax exemption to $15 million per individual, prompting RIAs across the country to reset client portfolios with fresh tax strategies, per Mariner. For Integrity Wealth's roughly 832 clients — many of them retirees and high-net-worth individuals — the combined effect was a top-to-bottom portfolio review.
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