BCJ Capital Management, LLC Buys PowerShares QQQ Trust Ser 1, iShares J.P. Morgan USD Emerging Markets Bond ETF, SPDR Bloomberg Barclays High Yield Bond, Sells Vanguard Div Appreciation, SPDR S&P 500, iShares 20+ Year Treasury Bond ETF

• New Purchases: SCHE, NEAR, HYG, PM, VAPO, EMX, LMRXF, 5EV,
• Added Positions: QQQ, EMB, JNK, IEFA, IJR, MBB, GLD, FLOT, XLRE, IGIB, T, NMFC, GBDC, MAIN, PKO, NRO, PCN, HPS, FFC, MSFT, JPM, IBM, ARCC,
• Reduced Positions: VIG, SPY, TLT, XLV, XLK, IEMG, XLP, XLC, SHY, BNDX, LQD, XLF, XLU, XLY, ITOT, USMV, VNQ, SCHD, XLI, SCHF, IVV, TIP, SCHX, VPU, XLE, DIS, AFL, IEF, XLB, VYM, VTI, SDY, VZ, MINT, IXN, AMGN, SPLV, SCHG, IJH, BWX, XOM, CVX, SCHV, SCHO, IEI, HD, COST, BA,
• Sold Out: EFA, BSV, VB, VTV, VEU, SPYG, VBR, VWO, MTUM, RWR, SCHA, VOO, DON, ZROZ, EDV, WBA, WEC, VGSH, MDYG, KMB, MO, HBI, UMPQ,

For the details of BCJ Capital Management, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/bcj+capital+management%2C+llc/current-portfolio/portfolio

1. PowerShares QQQ Trust Ser 1 (QQQ) - 441,085 shares, 16.28% of the total portfolio. Shares added by 39.16%
2. SPDR S&P 500 (SPY) - 239,278 shares, 13.37% of the total portfolio. Shares reduced by 30.66%
3. Vanguard Div Appreciation (VIG) - 475,698 shares, 10.30% of the total portfolio. Shares reduced by 55.99%
4. iShares iBoxx $ Investment Grade Corporate Bond (LQD) - 360,937 shares, 8.02% of the total portfolio. Shares reduced by 9.2%
5. SPDR Bloomberg Barclays High Yield Bond (JNK) - 397,023 shares, 7.55% of the total portfolio. Shares added by 120.62%

BCJ Capital Management, LLC initiated holding in Schwab Emerging Markets Equity. The purchase prices were between $24.83 and $27.51, with an estimated average price of $26.39. The stock is now traded at around $26.95. The impact to a portfolio due to this purchase was 0.24%. The holding were 49,798 shares as of .

BCJ Capital Management, LLC initiated holding in iShares Short Maturity Bond. The purchase prices were between $50.21 and $50.36, with an estimated average price of $50.29. The stock is now traded at around $50.35. The impact to a portfolio due to this purchase was 0.23%. The holding were 26,667 shares as of .

BCJ Capital Management, LLC initiated holding in iShares iBoxx $ High Yield Corporate Bond. The purchase prices were between $84.69 and $87.59, with an estimated average price of $86.05. The stock is now traded at around $88.26. The impact to a portfolio due to this purchase was 0.08%. The holding were 4,929 shares as of .

BCJ Capital Management, LLC initiated holding in Philip Morris International Inc. The purchase prices were between $76.37 and $86.31, with an estimated average price of $82.55. The stock is now traded at around $87.88. The impact to a portfolio due to this purchase was 0.04%. The holding were 2,666 shares as of .

BCJ Capital Management, LLC initiated holding in Vapotherm Inc. The purchase prices were between $8.01 and $12.48, with an estimated average price of $10.6. The stock is now traded at around $10.06. The impact to a portfolio due to this purchase was 0.04%. The holding were 20,000 shares as of .

BCJ Capital Management, LLC initiated holding in EMX Royalty Corp. The purchase prices were between $1.33 and $1.65, with an estimated average price of $1.42. The stock is now traded at around $1.97. The impact to a portfolio due to this purchase was 0.01%. The holding were 20,000 shares as of .

BCJ Capital Management, LLC added to a holding in PowerShares QQQ Trust Ser 1 by 39.16%. The purchase prices were between $184.05 and $213.79, with an estimated average price of $200.68. The stock is now traded at around $236.98. The impact to a portfolio due to this purchase was 4.58%. The holding were 441,085 shares as of .

BCJ Capital Management, LLC added to a holding in iShares J.P. Morgan USD Emerging Markets Bond ETF by 312.77%. The purchase prices were between $110.44 and $114.33, with an estimated average price of $111.8. The stock is now traded at around $116.68. The impact to a portfolio due to this purchase was 4.33%. The holding were 287,080 shares as of .

BCJ Capital Management, LLC added to a holding in SPDR Bloomberg Barclays High Yield Bond by 120.62%. The purchase prices were between $105.34 and $109.13, with an estimated average price of $107.07. The stock is now traded at around $110.04. The impact to a portfolio due to this purchase was 4.13%. The holding were 397,023 shares as of .

BCJ Capital Management, LLC added to a holding in iShares Core MSCI EAFE by 48.65%. The purchase prices were between $58.56 and $65.43, with an estimated average price of $62.77. The stock is now traded at around $64.82. The impact to a portfolio due to this purchase was 1.69%. The holding were 454,721 shares as of .

BCJ Capital Management, LLC added to a holding in iShares Core S&P Small-Cap by 23.36%. The purchase prices were between $74.68 and $84.14, with an estimated average price of $80.19. The stock is now traded at around $83.55. The impact to a portfolio due to this purchase was 0.46%. The holding were 167,185 shares as of .

BCJ Capital Management, LLC added to a holding in iShares MBS ETF by 61.74%. The purchase prices were between $107.72 and $108.39, with an estimated average price of $108.03. The stock is now traded at around $108.84. The impact to a portfolio due to this purchase was 0.24%. The holding were 33,190 shares as of .

BCJ Capital Management, LLC sold out a holding in iShares MSCI EAFE. The sale prices were between $62.55 and $69.64, with an estimated average price of $66.97.

BCJ Capital Management, LLC sold out a holding in Vanguard Short-Term Bond. The sale prices were between $80.03 and $80.54, with an estimated average price of $80.27.

BCJ Capital Management, LLC sold out a holding in Vanguard Small-Cap. The sale prices were between $149.04 and $166.74, with an estimated average price of $159.59.

BCJ Capital Management, LLC sold out a holding in Vanguard Value. The sale prices were between $107.9 and $120.77, with an estimated average price of $115.63.

BCJ Capital Management, LLC sold out a holding in Vanguard FTSE All World Ex US. The sale prices were between $48.63 and $54.07, with an estimated average price of $52.01.

BCJ Capital Management, LLC sold out a holding in SPDR Series Trust Portfolio S&P 500 Growth. The sale prices were between $37.77 and $42.13, with an estimated average price of $40.15.