Empirical Financial Services, LLC Buys Vanguard Short-Term Government Bond ETF, iShares Edge MSCI Intl Quality Factor, Advanced Micro Devices Inc, Sells iShares 1-3 Year Treasury Bond ETF, U.S. Bancorp, Invesco BulletShares 2019 Corporate Bond ETF

• New Purchases: IQLT, FNDF, FTNT, ZEN, UBER, BSJL, QCOM, NOC, MS, TPL, CFG, CTSH, XLY, VMW, CLX, BBY, IWS, MBB, XLV, DVY, DELL, VICI, IWF, TWTR, HCA, VHT, WBA, DAL, RNP, ACGL, TROW, CCL, C, FNF, EXPD, DRI, ETN, DUK, ALL, S, AZO, BK, IVW, CNC, DTH, EMR, FSK, KLAC, ES, APD, WM, F, MU, GSV, AAU,
• Added Positions: VGSH, VCSH, VTIP, AMD, AAPL, SJNK, VCIT, FPE, IEMG, EFV, VNQ, NFLX, SPY, MDT, VTV, VBR, PFE, DWX, JNJ, MSFT, RS, VZ, VSS, T, BAC, WFC, VTI, ACN, CVX, GOOGL, HD, MRK, SBUX, GOOG, VB, VOO, PCAR, PEP, SWKS, SYK, V, ABBV, DEM, QQQ, VEA, VNQI, MO, ADP, BA, CAT, CSCO, NEE, HON, IBM, JPM, MET, PG, UNP, VLO, MPC, BSCM, DES, DLS, IAU, IEFA, IJR, IWD, VUG, XLK, MMM, ABT, AEP, CTL, KO, CMI, DHR, EIX, LLY, EPD, EXR, XOM, GE, LRCX, LMT, NUE, PFG, PSA, RTN, UTX, XEL, YUM, BSCK, BSCL, CMF, IGSB, DGS, DIA, EFA, EMB, FEM, IVV, IWN, IWR, SCHG, SCZ, SPIB, VYM, WPS, AMAT, CHK, CR, FISV, GIS, JBLU, MDLZ, NKE, OMC, O, ROK, LUV, TMO, WMT, WAFD, NAD, PSX, FTV, IJH, IWO, SPSB, SRLN, VEU, VO,
• Reduced Positions: SHY, USB, INTC, AMZN, LVS, NVDA, TDY, MUB, VV, SHM, SCHX, BSV, SPWR, SCHP, SLV, FNDX, SCHA, IEI, FB, SCHZ, SCHF, COST, SCHC, SHW, SCHD, SCHE, VWO, DIS, FNDA, SCHH, FDM, FM, XLF, FTSL, IWC, IWM, RSP, VIG, TIP, SCHB, HPE, BRK.B, BMY, CMCSA, GILD, HSY, HPQ, MMP, MCD, NVS, OKE, UPS, MA, AGG, PM, SPLK, ALK, AXP, AMGN, VT, EEM, SPLV, BABA, COP, EW, SDY, GD, RDS.B, TSLA, SCHM, ITW, AWK, HYS, MELI, ITM, TGT, RWO, UNH,
• Sold Out: BSCJ, PFF, SUB, SCHO, GLD, VMBS, CET, MASI, VEEV, SHOP, GDX, SCHR, NOK, PSLV, NK,

For the details of Empirical Financial Services, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/empirical+financial+services%2C+llc/current-portfolio/portfolio

1. Vanguard Short-Term Corporate Bond ETF (VCSH) - 1,608,083 shares, 14.82% of the total portfolio. Shares added by 6.17%
2. Vanguard Intermediate-Term Corporate Bond ETF (VCIT) - 868,225 shares, 9.02% of the total portfolio. Shares added by 3.05%
3. Vanguard Short-Term Inflation-Protected Securities (VTIP) - 1,602,206 shares, 8.98% of the total portfolio. Shares added by 7.94%
4. iShares Core MSCI Emerging Markets (IEMG) - 652,955 shares, 3.99% of the total portfolio. Shares added by 4.62%
5. SPDR Bloomberg Barclays Short Term High Yield Bond (SJNK) - 1,266,857 shares, 3.88% of the total portfolio. Shares added by 9.60%

Empirical Financial Services, LLC initiated holding in iShares Edge MSCI Intl Quality Factor. The purchase prices were between $28.63 and $32.33, with an estimated average price of $30.75. The stock is now traded at around $31.06. The impact to a portfolio due to this purchase was 0.77%. The holding were 210,560 shares as of .

Empirical Financial Services, LLC initiated holding in Schwab Fundamental International Large Company Ind. The purchase prices were between $26.08 and $29.03, with an estimated average price of $27.96. The stock is now traded at around $26.98. The impact to a portfolio due to this purchase was 0.17%. The holding were 50,180 shares as of .

Empirical Financial Services, LLC initiated holding in Zendesk Inc. The purchase prices were between $63.73 and $79.23, with an estimated average price of $73.38. The stock is now traded at around $84.49. The impact to a portfolio due to this purchase was 0.09%. The holding were 10,874 shares as of .

Empirical Financial Services, LLC initiated holding in Fortinet Inc. The purchase prices were between $75.65 and $109.53, with an estimated average price of $94.75. The stock is now traded at around $109.21. The impact to a portfolio due to this purchase was 0.09%. The holding were 7,058 shares as of .

Empirical Financial Services, LLC initiated holding in Uber Technologies Inc. The purchase prices were between $25.99 and $33.75, with an estimated average price of $29.68. The stock is now traded at around $38.23. The impact to a portfolio due to this purchase was 0.08%. The holding were 22,985 shares as of .

Empirical Financial Services, LLC initiated holding in Invesco BulletShares 2021 High Yield Corporate Bon. The purchase prices were between $24.11 and $24.57, with an estimated average price of $24.33. The stock is now traded at around $24.48. The impact to a portfolio due to this purchase was 0.08%. The holding were 26,823 shares as of .

Empirical Financial Services, LLC added to a holding in Vanguard Short-Term Government Bond ETF by 253.60%. The purchase prices were between $60.69 and $61.1, with an estimated average price of $60.87. The stock is now traded at around $61.19. The impact to a portfolio due to this purchase was 2.49%. The holding were 501,814 shares as of .

Empirical Financial Services, LLC added to a holding in Advanced Micro Devices Inc by 317.94%. The purchase prices were between $28.23 and $46.63, with an estimated average price of $37.13. The stock is now traded at around $49.86. The impact to a portfolio due to this purchase was 0.52%. The holding were 131,650 shares as of .

Empirical Financial Services, LLC added to a holding in Apple Inc by 24.79%. The purchase prices were between $218.96 and $293.65, with an estimated average price of $258.41. The stock is now traded at around $302.22. The impact to a portfolio due to this purchase was 0.45%. The holding were 68,316 shares as of .

Empirical Financial Services, LLC added to a holding in iShares MSCI EAFE Value by 24.47%. The purchase prices were between $45.06 and $50.2, with an estimated average price of $48.32. The stock is now traded at around $46.59. The impact to a portfolio due to this purchase was 0.14%. The holding were 127,740 shares as of .

Empirical Financial Services, LLC added to a holding in Netflix Inc by 60.75%. The purchase prices were between $266.69 and $336.9, with an estimated average price of $297.76. The stock is now traded at around $371.94. The impact to a portfolio due to this purchase was 0.12%. The holding were 8,822 shares as of .

Empirical Financial Services, LLC added to a holding in Medtronic PLC by 326.56%. The purchase prices were between $104.49 and $114.54, with an estimated average price of $109.86. The stock is now traded at around $111.98. The impact to a portfolio due to this purchase was 0.09%. The holding were 9,572 shares as of .

Empirical Financial Services, LLC sold out a holding in Invesco BulletShares 2019 Corporate Bond ETF. The sale prices were between $21.07 and $21.12, with an estimated average price of $21.09.

Empirical Financial Services, LLC sold out a holding in iShares Short-Term National Muni Bond. The sale prices were between $106.46 and $106.81, with an estimated average price of $106.65.

Empirical Financial Services, LLC sold out a holding in iShares U.S. Preferred Stock. The sale prices were between $36.77 and $37.68, with an estimated average price of $37.31.

Empirical Financial Services, LLC sold out a holding in Schwab Short-Term U.S. Treasury. The sale prices were between $50.38 and $50.71, with an estimated average price of $50.53.

Empirical Financial Services, LLC sold out a holding in Vanguard Mortgage-Backed Securities ETF. The sale prices were between $53.04 and $53.35, with an estimated average price of $53.19.

Empirical Financial Services, LLC sold out a holding in SPDR Gold Trust. The sale prices were between $137.01 and $142.9, with an estimated average price of $139.74.