# EDGAR Filing Document

**Accession Number:** 0001102062
**File Stem:** 0001172661-25-003097
**Filing Date:** 2025-8
**Character Count:** 14184
**Document Hash:** a47327de7bcbc05d2da6437d7ab99ade
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003097.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001172661-25-003097

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AmeriServ Wealth Advisors
- **CENTRAL INDEX KEY:** 0001102062

**ORGANIZATION NAME:**
- **EIN:** 232784994
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05257
- **FILM NUMBER:** 251209367

**BUSINESS ADDRESS:**
- **STREET 1:** 216 FRANKLIN STREET
- **CITY:** JOHNSTOWN
- **STATE:** PA
- **ZIP:** 15901
- **BUSINESS PHONE:** 8145335338

**MAIL ADDRESS:**
- **STREET 1:** 216 FRANKLIN STREET
- **CITY:** JOHNSTOWN
- **STATE:** PA
- **ZIP:** 15901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WEST CHESTER CAPITAL ADVISORS, INC
- **DATE OF NAME CHANGE:** 20050719

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCHESTER CAPITAL ADVISORS /PA
- **DATE OF NAME CHANGE:** 19991229

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** AmeriServ Wealth Advisors<br>**Address:** 216 Franklin Street<br>Johnstown, PA 15901

**Form 13F File Number:** 028-05257

**CRD Number (if applicable):** 000105846

**SEC File Number (if applicable):** 801-47835

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Frank J. Lapinsky<br>**Title:** PRESIDENT  CEO<br>**Phone:** 814-533-5392

**Signature, Place, and Date of Signing:**

/s/ Frank J. Lapinsky  Johnstown, PA  08-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 106

**Form 13F Information Table Value Total:** $202305593

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                         | Form 13F File Number   |
|:---|:---|:---|
|  | AMERISERV FINANCIAL INC /PA/ |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 111936 | 823 | SH |  | OTR | 1 | 399 | 0 | 424 |
| ABBOTT LABS | COM | 002824100 |  | 93982 | 691 | SH |  | SOLE |  | 691 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 151029 | 857 | SH |  | OTR | 1 | 857 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 183421 | 1034 | SH |  | OTR | 1 | 1034 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 106619 | 605 | SH |  | SOLE |  | 605 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 98983 | 558 | SH |  | SOLE |  | 558 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 4690 | 80 | SH |  | OTR | 1 | 80 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 560561 | 9561 | SH |  | SOLE |  | 8127 | 0 | 1434 |
| AMAZON COM INC | COM | 023135106 |  | 145236 | 662 | SH |  | OTR | 1 | 622 | 0 | 40 |
| AMAZON COM INC | COM | 023135106 |  | 468836 | 2137 | SH |  | SOLE |  | 2031 | 0 | 106 |
| AMERISERV FINL INC | COM | 03074A102 |  | 2867636 | 943301 | SH |  | SOLE |  | 45410 | 0 | 897891 |
| APPLE INC | COM | 037833100 |  | 321296 | 1566 | SH |  | OTR | 1 | 1491 | 0 | 75 |
| APPLE INC | COM | 037833100 |  | 1831962 | 8929 | SH |  | SOLE |  | 3853 | 0 | 5076 |
| BANK AMERICA CORP | COM | 060505104 |  | 17129 | 362 | SH |  | OTR | 1 | 362 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 214501 | 4533 | SH |  | SOLE |  | 0 | 0 | 4533 |
| BLACKROCK MUNIYIELD FD INC | COM | 09253W104 |  | 224645 | 22375 | SH |  | SOLE |  | 0 | 0 | 22375 |
| BOEING CO | COM | 097023105 |  | 97012 | 463 | SH |  | OTR | 1 | 43 | 0 | 420 |
| BOEING CO | COM | 097023105 |  | 594227 | 2836 | SH |  | SOLE |  | 2832 | 0 | 4 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 66325 | 67 | SH |  | OTR | 1 | 67 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1180008 | 1192 | SH |  | SOLE |  | 1192 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 10974 | 93 | SH |  | OTR | 1 | 93 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 327922 | 2779 | SH |  | SOLE |  | 2779 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 58464 | 75 | SH |  | OTR | 1 | 75 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 2360416 | 3028 | SH |  | SOLE |  | 2857 | 0 | 171 |
| EXELON CORP | COM | 30161N101 |  | 464203 | 10691 | SH |  | SOLE |  | 10691 | 0 | 0 |
| F N B CORP | COM | 302520101 |  | 1589 | 109 | SH |  | OTR | 1 | 109 | 0 | 0 |
| F N B CORP | COM | 302520101 |  | 434556 | 29805 | SH |  | SOLE |  | 13789 | 0 | 16016 |
| HOME DEPOT INC | COM | 437076102 |  | 61962 | 169 | SH |  | OTR | 1 | 169 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 163521 | 446 | SH |  | SOLE |  | 446 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 215241 | 9609 | SH |  | SOLE |  | 9609 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 36959 | 67 | SH |  | OTR | 1 | 67 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 6648916 | 12053 | SH |  | SOLE |  | 12053 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 3836 | 72 | SH |  | OTR | 1 | 72 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 281888 | 454 | SH |  | OTR | 1 | 454 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 35405 | 439 | SH |  | OTR | 1 | 439 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 63275 | 688 | SH |  | OTR | 1 | 688 | 0 | 0 |
| ISHARES TR | CORE DIVID ETF | 46435U861 |  | 6541 | 130 | SH |  | OTR | 1 | 130 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 94200 | 791 | SH |  | OTR | 1 | 791 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 109943 | 1148 | SH |  | OTR | 1 | 1148 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 35389 | 164 | SH |  | OTR | 1 | 164 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 11818 | 224 | SH |  | OTR | 1 | 224 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 3188020 | 59824 | SH |  | SOLE |  | 59824 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 434630 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 1370001 | 16987 | SH |  | SOLE |  | 16987 | 0 | 0 |
| ISHARES TR | CORE DIVID ETF | 46435U861 |  | 254669 | 5061 | SH |  | SOLE |  | 5061 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 777422 | 8453 | SH |  | SOLE |  | 8453 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 6529158 | 30257 | SH |  | SOLE |  | 30257 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 22302579 | 187275 | SH |  | SOLE |  | 187275 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 22540235 | 235358 | SH |  | SOLE |  | 235358 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 8877766 | 168267 | SH |  | SOLE |  | 168267 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 168437 | 581 | SH |  | OTR | 1 | 581 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 277153 | 956 | SH |  | SOLE |  | 948 | 0 | 8 |
| MCDONALDS CORP | COM | 580135101 |  | 123587 | 423 | SH |  | OTR | 1 | 0 | 0 | 423 |
| MCDONALDS CORP | COM | 580135101 |  | 267043 | 914 | SH |  | SOLE |  | 764 | 0 | 150 |
| META PLATFORMS INC | CL A | 30303M102 |  | 143927 | 195 | SH |  | OTR | 1 | 195 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 327711 | 444 | SH |  | SOLE |  | 394 | 0 | 50 |
| MICROSOFT CORP | COM | 594918104 |  | 300933 | 605 | SH |  | OTR | 1 | 605 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 868975 | 1747 | SH |  | SOLE |  | 1742 | 0 | 5 |
| NETFLIX INC | COM | 64110L106 |  | 464678 | 347 | SH |  | SOLE |  | 347 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 318279 | 2457 | SH |  | SOLE |  | 2457 | 0 | 0 |
| NUVEEN PENNSYLVANIA QLT MUN | COM | 670972108 |  | 373412 | 33281 | SH |  | SOLE |  | 33281 | 0 | 0 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 175040 | 15504 | SH |  | SOLE |  | 0 | 0 | 15504 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 139347 | 882 | SH |  | OTR | 1 | 882 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1577846 | 9987 | SH |  | SOLE |  | 9987 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 217430 | 1595 | SH |  | SOLE |  | 545 | 0 | 1050 |
| PEPSICO INC | COM | 713448108 |  | 54136 | 410 | SH |  | OTR | 1 | 200 | 0 | 210 |
| PEPSICO INC | COM | 713448108 |  | 235427 | 1783 | SH |  | SOLE |  | 1783 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 253524 | 1392 | SH |  | SOLE |  | 400 | 0 | 992 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 91718 | 492 | SH |  | OTR | 1 | 492 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 444611 | 2385 | SH |  | SOLE |  | 2280 | 0 | 105 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 49707 | 312 | SH |  | OTR | 1 | 312 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 159479 | 1001 | SH |  | SOLE |  | 901 | 0 | 100 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 110912 | 1135 | SH |  | OTR | 1 | 1135 | 0 | 0 |
| PROSHARES TR | PSHS ULTRA QQQ | 74347R206 |  | 118533 | 1007 | SH |  | OTR | 1 | 1007 | 0 | 0 |
| PROSHARES TR | PSHS ULTRA QQQ | 74347R206 |  | 773354 | 6570 | SH |  | SOLE |  | 6570 | 0 | 0 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 729870 | 7469 | SH |  | SOLE |  | 7469 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 10513 | 78 | SH |  | OTR | 1 | 78 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 14488 | 165 | SH |  | OTR | 1 | 165 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 6614 | 81 | SH |  | OTR | 1 | 81 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 6077 | 24 | SH |  | OTR | 1 | 24 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 11449 | 135 | SH |  | OTR | 1 | 135 | 0 | 0 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 16496 | 152 | SH |  | OTR | 1 | 152 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 62548 | 424 | SH |  | OTR | 1 | 424 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 100707 | 1923 | SH |  | OTR | 1 | 1923 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 1636586 | 11094 | SH |  | SOLE |  | 11094 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 1417581 | 5598 | SH |  | SOLE |  | 5598 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 2527962 | 28789 | SH |  | SOLE |  | 28789 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1911322 | 14180 | SH |  | SOLE |  | 14180 | 0 | 0 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 2887549 | 26606 | SH |  | SOLE |  | 26606 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 1166839 | 14289 | SH |  | SOLE |  | 14289 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 1529884 | 29213 | SH |  | SOLE |  | 29213 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 2013219 | 23738 | SH |  | SOLE |  | 23738 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 418284 | 677 | SH |  | OTR | 1 | 677 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 680252 | 1101 | SH |  | SOLE |  | 579 | 0 | 522 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 67411 | 170 | SH |  | OTR | 1 | 170 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 1019900 | 2572 | SH |  | SOLE |  | 2572 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1026430 | 1807 | SH |  | OTR | 1 | 1807 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 67073550 | 118081 | SH |  | SOLE |  | 118081 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 49492 | 842 | SH |  | OTR | 1 | 842 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 50956 | 908 | SH |  | OTR | 1 | 908 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 8865837 | 157980 | SH |  | SOLE |  | 157980 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 10272569 | 174763 | SH |  | SOLE |  | 174763 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 454464 | 1280 | SH |  | OTR | 1 | 1253 | 0 | 27 |
| VISA INC | COM CL A | 92826C839 |  | 303567 | 855 | SH |  | SOLE |  | 855 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 63654 | 651 | SH |  | OTR | 1 | 651 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 832792 | 8517 | SH |  | SOLE |  | 8517 | 0 | 0 |

---