Exchange Capital Management, Inc. Buys iShares Currency Hedged MSCI EAFE, Bank of America Corp, General Dynamics Corp, Sells Zimmer Biomet Holdings Inc, VANGUARD INDEX FDS, Invesco BulletShares 2020 Corporate Bond ETF

• New Purchases: HEFA, GD, OTIS, LQD, AMAT, SP8, PWB, XLB, ITOT, XLF, DTE, SCHG, NRBO,
• Added Positions: BAC, XLI, JPM, VTI, HON, VFH, USB, IJH, RTX, BSCM, IJR, BSCL, VDC, MCHP, SUB, GOOG, GILD,
• Reduced Positions: ZBH, AMZN, SCHZ, AGG, KLAC, MSFT, BSCK, ADBE, INTC, SCHM, GOOGL, XOM, SCHX, MDY, MDT, PG, D, SCHA, HD, V, JNJ, BLK, CMS, AAPL, AMGN, BRK.B, CMCSA, SPY, NOW, VPU, VEEV, IEMG, DIS, VLO, ACN, UNP, CRM, ORCL, VGT, VHT, VOX, MMM, VIS, EMR, SCHB, CME, MUB, CVX, IVV, XLK, FHLC, BIIB, CVS, CHNG, CTVA, MCD, GWRE, BMY, PEP, SBUX, VAW, SPGI, LOW, CMP, KO, CNI, SCHO, SHY, FTNT, TFI, WMT, COST, XLY,
• Sold Out: VNQ,

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

1. Microsoft Corp (MSFT) - 66,542 shares, 4.17% of the total portfolio. Shares reduced by 3.56%
2. Amazon.com Inc (AMZN) - 3,688 shares, 3.13% of the total portfolio. Shares reduced by 17.66%
3. SPDR S&P MIDCAP 40 (MDY) - 26,895 shares, 2.69% of the total portfolio. Shares reduced by 3.2%
4. BlackRock Inc (BLK) - 15,413 shares, 2.58% of the total portfolio. Shares reduced by 2.53%
5. Alphabet Inc (GOOGL) - 5,233 shares, 2.29% of the total portfolio. Shares reduced by 4.07%

Exchange Capital Management, Inc. initiated holding in iShares Currency Hedged MSCI EAFE. The purchase prices were between $22.88 and $28.35, with an estimated average price of $25.8. The stock is now traded at around $27.34. The impact to a portfolio due to this purchase was 2.24%. The holding were 263,212 shares as of .

Exchange Capital Management, Inc. initiated holding in General Dynamics Corp. The purchase prices were between $121.73 and $167.78, with an estimated average price of $141.03. The stock is now traded at around $147.24. The impact to a portfolio due to this purchase was 0.47%. The holding were 10,287 shares as of .

Exchange Capital Management, Inc. initiated holding in Otis Worldwide Corp. The purchase prices were between $44 and $61.26, with an estimated average price of $51.55. The stock is now traded at around $62.61. The impact to a portfolio due to this purchase was 0.33%. The holding were 18,588 shares as of .

Exchange Capital Management, Inc. initiated holding in ISHARES TRUST. The purchase prices were between $121.1 and $134.5, with an estimated average price of $129.98. The stock is now traded at around $138.75. The impact to a portfolio due to this purchase was 0.2%. The holding were 4,946 shares as of .

Exchange Capital Management, Inc. initiated holding in Applied Materials Inc. The purchase prices were between $42.28 and $61.27, with an estimated average price of $53.76. The stock is now traded at around $64.85. The impact to a portfolio due to this purchase was 0.17%. The holding were 9,094 shares as of .

Exchange Capital Management, Inc. initiated holding in The Shyft Group Inc. The purchase prices were between $10.3 and $15.8, with an estimated average price of $13.53. The stock is now traded at around $16.04. The impact to a portfolio due to this purchase was 0.16%. The holding were 30,000 shares as of .

Exchange Capital Management, Inc. added to a holding in Bank of America Corp by 288.82%. The purchase prices were between $19.77 and $28.54, with an estimated average price of $23.6. The stock is now traded at around $25.01. The impact to a portfolio due to this purchase was 0.75%. The holding were 138,078 shares as of .

Exchange Capital Management, Inc. added to a holding in VANGUARD INDEX FDS by 29.89%. The purchase prices were between $122.96 and $164.1, with an estimated average price of $147.09. The stock is now traded at around $167.62. The impact to a portfolio due to this purchase was 0.12%. The holding were 10,509 shares as of .

Exchange Capital Management, Inc. added to a holding in SELECT SECTOR SPDR by 62.40%. The purchase prices were between $56.34 and $76.29, with an estimated average price of $64.72. The stock is now traded at around $72.21. The impact to a portfolio due to this purchase was 0.12%. The holding were 14,273 shares as of .

Exchange Capital Management, Inc. added to a holding in U.S. Bancorp by 23.37%. The purchase prices were between $29.45 and $43.51, with an estimated average price of $35.61. The stock is now traded at around $36.23. The impact to a portfolio due to this purchase was 0.09%. The holding were 43,404 shares as of .

Exchange Capital Management, Inc. added to a holding in Invesco BulletShares 2022 Corporate Bond ETF by 23.31%. The purchase prices were between $20.89 and $21.91, with an estimated average price of $21.62. The stock is now traded at around $21.91. The impact to a portfolio due to this purchase was 0.03%. The holding were 24,787 shares as of .

Exchange Capital Management, Inc. sold out a holding in VANGUARD INDEX FDS. The sale prices were between $64.53 and $86.79, with an estimated average price of $75.73.