Garde Capital, Inc. Buys Vanguard FTSE Emerging Markets, Vanguard Intermediate-Termorate Bond ETF, Vanguard FTSE Pacific, Sells iShares iBoxx $ Investment Gradeorate Bond, iShares MSCI China ETF, Barclays Bank Plc iPath ETNs linked to the MSCI In

• New Purchases: HPE, VMBS, GOOGL, GOOG, SCHH, MRK, MBB, VHT, KHC, JWN,
• Added Positions: VWO, VCIT, VPL, VUG, VNQ, VGK, VTV, SCHE, VB, VEA,
• Reduced Positions: LQD, IJH, IJR, AAPL, IGOV, VEU, COST, EEM, WFC, INDA,
• Sold Out: MCHI, INP, FXI, EWC, EPP, QAI, WIP, F, VZ, JPM,

For the details of Garde Capital, Inc.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Garde+Capital%2C+Inc.

1. Vanguard Value ETF - DNQ (VTV) - 499,539 shares, 14.3% of the total portfolio. Shares added by 12.11%
2. Vanguard Growth ETF - DNQ (VUG) - 383,032 shares, 13.14% of the total portfolio. Shares added by 15.54%
3. Vanguard FTSEEuropean (VGK) - 502,937 shares, 7.42% of the total portfolio. Shares added by 26.73%
4. Vanguard FTSE Pacific (VPL) - 356,500 shares, 6.38% of the total portfolio. Shares added by 39.12%
5. Vanguard FTSE Emerging Markets (VWO) - 536,111 shares, 5.9% of the total portfolio. Shares added by 120.69%

Garde Capital, Inc. initiated holdings in Hewlett Packard Enterprise Co. The purchase prices were between $21.27 and $24.68, with an estimated average price of $22.98. The stock is now traded at around $22.42. The impact to the portfolio due to this purchase was 0.34%. The holdings were 48,001 shares as of 2016-12-31.

Garde Capital, Inc. initiated holdings in Alphabet Inc. The purchase prices were between $753.22 and $835.74, with an estimated average price of $799.67. The stock is now traded at around $844.21. The impact to the portfolio due to this purchase was 0.23%. The holdings were 933 shares as of 2016-12-31.

Garde Capital, Inc. initiated holdings in Vanguard Mortgage-Backed Securities ETF. The purchase prices were between $51.91 and $53.85, with an estimated average price of $53.05. The stock is now traded at around $52.63. The impact to the portfolio due to this purchase was 0.23%. The holdings were 13,994 shares as of 2016-12-31.

Garde Capital, Inc. initiated holdings in Schwab U.S. REIT. The purchase prices were between $38.61 and $41.82, with an estimated average price of $40.13. The stock is now traded at around $42.21. The impact to the portfolio due to this purchase was 0.19%. The holdings were 15,362 shares as of 2016-12-31.

Garde Capital, Inc. initiated holdings in Alphabet Inc. The purchase prices were between $736.08 and $813.11, with an estimated average price of $779.09. The stock is now traded at around $823.03. The impact to the portfolio due to this purchase was 0.19%. The holdings were 800 shares as of 2016-12-31.

Garde Capital, Inc. initiated holdings in Merck & Co Inc. The purchase prices were between $58.43 and $64.96, with an estimated average price of $61.33. The stock is now traded at around $66.03. The impact to the portfolio due to this purchase was 0.12%. The holdings were 6,812 shares as of 2016-12-31.

Garde Capital, Inc. added to the holdings in Vanguard FTSE Emerging Markets by 120.69%. The purchase prices were between $34.86 and $38.26, with an estimated average price of $36.59. The stock is now traded at around $38.82. The impact to the portfolio due to this purchase was 3.23%. The holdings were 536,111 shares as of 2016-12-31.

Garde Capital, Inc. added to the holdings in Vanguard Intermediate-Term Corporate Bond ETF by 174.53%. The purchase prices were between $84.74 and $89.25, with an estimated average price of $86.96. The stock is now traded at around $86.78. The impact to the portfolio due to this purchase was 1.89%. The holdings were 113,075 shares as of 2016-12-31.

Garde Capital, Inc. added to the holdings in Vanguard FTSE Pacific by 39.12%. The purchase prices were between $58.12 and $60.83, with an estimated average price of $59.47. The stock is now traded at around $62.41. The impact to the portfolio due to this purchase was 1.79%. The holdings were 356,500 shares as of 2016-12-31.

Garde Capital, Inc. added to the holdings in Vanguard REIT ETF - DNQ by 120.68%. The purchase prices were between $78.07 and $85.12, with an estimated average price of $81.41. The stock is now traded at around $85.53. The impact to the portfolio due to this purchase was 1.7%. The holdings were 122,323 shares as of 2016-12-31.

Garde Capital, Inc. added to the holdings in Vanguard FTSEEuropean by 26.73%. The purchase prices were between $45.54 and $48.86, with an estimated average price of $47.07. The stock is now traded at around $49.76. The impact to the portfolio due to this purchase was 1.57%. The holdings were 502,937 shares as of 2016-12-31.

Garde Capital, Inc. added to the holdings in Schwab Emerging Markets Equity by 219.56%. The purchase prices were between $20.97 and $23.46, with an estimated average price of $22.35. The stock is now traded at around $23.39. The impact to the portfolio due to this purchase was 1.13%. The holdings were 247,814 shares as of 2016-12-31.

Garde Capital, Inc. sold out the holdings in iShares MSCI China ETF. The sale prices were between $42.8 and $49.76, with an estimated average price of $46.28.

Garde Capital, Inc. sold out the holdings in Barclays Bank Plc iPath ETNs linked to the MSCI In. The sale prices were between $60.5 and $70.95, with an estimated average price of $65.12.

Garde Capital, Inc. sold out the holdings in iShares China Large-Cap. The sale prices were between $33.97 and $39.04, with an estimated average price of $36.77.

Garde Capital, Inc. sold out the holdings in iShares MSCI Canada Index Fund. The sale prices were between $24.85 and $27.17, with an estimated average price of $25.8.

Garde Capital, Inc. sold out the holdings in iShares MSCI Pacific Ex-Japan Index Fund. The sale prices were between $39.38 and $42.44, with an estimated average price of $41.08.

Garde Capital, Inc. sold out the holdings in IQ Hedge MultiIQ Hedge Multi-Strategy Tracker. The sale prices were between $28.42 and $29.28, with an estimated average price of $28.74.

Garde Capital, Inc. reduced to the holdings in iShares iBoxx $ Investment Grade Corporate Bond by 53.8%. The sale prices were between $115.6 and $122.51, with an estimated average price of $118.77. The stock is now traded at around $118.70. The impact to the portfolio due to this sale was -1.79%. Garde Capital, Inc. still held 40,000 shares as of 2016-12-31.

Garde Capital, Inc. reduced to the holdings in iShares Core S&P Mid-Cap by 92.14%. The sale prices were between $147.25 and $169.57, with an estimated average price of $158.75. The stock is now traded at around $173.03. The impact to the portfolio due to this sale was -0.93%. Garde Capital, Inc. still held 1,750 shares as of 2016-12-31.

Garde Capital, Inc. reduced to the holdings in iShares Core S&P Small-Cap by 93.15%. The sale prices were between $115.58 and $140.99, with an estimated average price of $129.23. The stock is now traded at around $69.76. The impact to the portfolio due to this sale was -0.88%. Garde Capital, Inc. still held 1,843 shares as of 2016-12-31.

Garde Capital, Inc. reduced to the holdings in Apple Inc by 48.16%. The sale prices were between $105.71 and $118.25, with an estimated average price of $113.4. The stock is now traded at around $137.38. The impact to the portfolio due to this sale was -0.62%. Garde Capital, Inc. still held 18,371 shares as of 2016-12-31.

Garde Capital, Inc. reduced to the holdings in Vanguard FTSE All World Ex US by 45.84%. The sale prices were between $43.12 and $45.59, with an estimated average price of $44.32. The stock is now traded at around $46.67. The impact to the portfolio due to this sale was -0.36%. Garde Capital, Inc. still held 30,072 shares as of 2016-12-31.

Garde Capital, Inc. reduced to the holdings in iShares S&P/Citigroup International Treasury Bond by 33.57%. The sale prices were between $88.74 and $100.22, with an estimated average price of $93.65. The stock is now traded at around $91.35. The impact to the portfolio due to this sale was -0.36%. Garde Capital, Inc. still held 23,614 shares as of 2016-12-31.