Annex Advisory cuts small-cap ETF stake by 94% in Q3

Annex Advisory Services made varied portfolio moves in the third quarter, adding positions in the iShares Global 100 ETF, LandBridge, Taiwan Semiconductor Manufacturing and the State Street SPDR Portfolio S&P 500 ETF. It increased its LandBridge stake by 24.6% and its Taiwan Semiconductor holdings by 4.9%, while opening new positions in the two ETFs. In contrast, the firm cut its SPDR Portfolio S&P 600 Small Cap ETF holding by 94.2%, selling more than 1 million shares.