Retired City Employees – GuruFocus.com

Michigan Municipal Employees Retirement System recently filed its 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details the stocks that were in a guru’s stock portfolio at the end of the quarter, although investors should note that these filings are limited in scope, containing only an overview of long stock positions. listed in the United States and American certificates of deposit at the end of the quarter. They are not required to include international holdings, short positions or other types of investments. Yet even this limited repository can provide valuable information.

1134 LANSING MUNICIPAL ROAD, MI 48917

According to the latest 13F report, the guru’s stock portfolio contained 38 stocks valued at a total of $5.42 billion. The top holdings were IVV (18.13%), QVML (12.73%) and IPAC (9.29%).

According to data from GuruFocus, these were the top five occupations in Michigan’s municipal employee retirement system in the quarter.

iShares Core MSCI Pacific ETF

The guru established a new position worth 9,683,060 shares in ARCA:IPAC, giving the stock a 9.29% weighting in the equity portfolio. The shares traded at an average price of $55.4 during the quarter.

On 7/29/2022, iShares Core MSCI Pacific ETF traded at a price of $54.76 per share and a market capitalization of $1.50 billion. The stock has returned -13.91% over the past year.

The data is insufficient to calculate the financial strength and profitability of the stock.

In terms of valuation, iShares Core MSCI Pacific ETF has a price-to-earnings ratio of 12.86 and a price-to-book ratio of 1.30.

JPMorgan BetaBuilders Japan ETF

The guru sold his investment of 7,890,638 shares in BATS:BBJP. Previously, the stock had a weighting of 6.19% in the equity portfolio. The shares traded at an average price of $46.73 during the quarter.

On 07/29/2022, JPMorgan BetaBuilders Japan ETF traded at a price of $46.645 per share and a market capitalization of $6.76 billion. The stock has returned -15.46% over the past year.

The data is insufficient to calculate the financial strength and profitability of the stock.

In terms of valuation, JPMorgan BetaBuilders Japan ETF has a price-to-earnings ratio of 12.55 and a price-to-book ratio of 1.26.

iShares Core S&P 500 ETF

The Michigan Municipal Employees Retirement System reduced its investment in ARCA:IVV by 527,779 shares. The transaction had an impact of 3.7% on the equity portfolio. During the quarter, the stock traded at an average price of $411.02.

On 7/29/2022, the iShares Core S&P 500 ETF traded at a price of $412.86 per share and a market capitalization of $304.91 billion. The stock has returned -5.52% over the past year.

The data is insufficient to calculate the financial strength and profitability of the stock.

In terms of valuation, iShares Core S&P 500 ETF has a price-to-earnings ratio of 18.60 and a price-to-book ratio of 3.57.

SPDR Portfolio Intermediate Term Treasury ETF

The Michigan Municipal Employees Retirement System reduced its investment in ARCA:SPTI by 7,281,884 shares. The transaction had an impact of 3.41% on the equity portfolio. During the quarter, the stock traded at an average price of $29.48.

On 07/29/2022, the SPDR Portfolio Intermediate Term Treasury ETF traded at a price of $30.06 per share and a market capitalization of $4.04 billion. The stock has returned -7.35% over the past year.

The data is insufficient to calculate the financial strength and profitability of the stock.

SPDR Portfolio Short Term Treasury ETF

The Michigan Municipal Employees Retirement System reduced its investment in ARCA:SPTS by 6,702,663 shares. The transaction had an impact of 3.07% on the equity portfolio. During the quarter, the stock traded at an average price of $29.48.

On 07/29/2022, the SPDR Portfolio Short Term Treasury ETF traded at a price of $29.555 per share and a market capitalization of $3.38 billion. The stock has returned -3.22% over the past year.

The data is insufficient to calculate the financial strength and profitability of the stock.

Please note that figures and facts quoted are at the time of writing this article and may not reflect the latest business data or company announcements.

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Melissa C. Keyes