Penn Mutual Asset Management, LLC Buys iShares U.S. Preferred Stock, AT&T Inc, Annaly Capital Management Inc, Sells Upwork Inc, Tallgrass Energy LP, Phillips 66 Partners LP

• New Purchases: PFF, T, WFC, FTSV, JPS, VDE, AVRO, LEMB,
• Added Positions: NLY, GOLD, AGNC, TWO, SPG, NRZ,
• Reduced Positions: EMLC,
• Sold Out: UPWK, TGE, PSXP, EPD, MMP, MPLX, WES, SHLX, AKRO,

For the details of Penn Mutual Asset Management, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/penn+mutual+asset+management%2C+llc/current-portfolio/portfolio

1. VanEck Vectors J.P. Morgan EM Local Currency Bond (EMLC) - 901,693 shares, 19.28% of the total portfolio. Shares reduced by 2.64%
2. Annaly Capital Management Inc (NLY) - 2,332,800 shares, 8.88% of the total portfolio. Shares added by 81.57%
3. AGNC Investment Corp (AGNC) - 1,100,800 shares, 8.75% of the total portfolio. Shares added by 57.53%
4. iShares U.S. Preferred Stock (PFF) - 326,000 shares, 7.80% of the total portfolio. New Position
5. Aberdeen Asia-pacific Income Fund Inc (FAX) - 2,785,083 shares, 7.07% of the total portfolio.

Penn Mutual Asset Management, LLC initiated holding in iShares U.S. Preferred Stock. The purchase prices were between $25.12 and $38.29, with an estimated average price of $36.09. The stock is now traded at around $33.41. The impact to a portfolio due to this purchase was 7.8%. The holding were 326,000 shares as of .

Penn Mutual Asset Management, LLC initiated holding in AT&T Inc. The purchase prices were between $26.77 and $39.37, with an estimated average price of $36.28. The stock is now traded at around $28.35. The impact to a portfolio due to this purchase was 5.98%. The holding were 273,000 shares as of .

Penn Mutual Asset Management, LLC initiated holding in Wells Fargo & Co. The purchase prices were between $25.25 and $53.8, with an estimated average price of $42.87. The stock is now traded at around $23.90. The impact to a portfolio due to this purchase was 2.35%. The holding were 109,000 shares as of .

Penn Mutual Asset Management, LLC initiated holding in Forty Seven Inc. The purchase prices were between $35.28 and $95.42, with an estimated average price of $59.7. The stock is now traded at around $95.51. The impact to a portfolio due to this purchase was 2.29%. The holding were 31,905 shares as of .

Penn Mutual Asset Management, LLC initiated holding in Nuveen Preferred & Income Securities Fund. The purchase prices were between $4.92 and $10.44, with an estimated average price of $9.3. The stock is now traded at around $7.45. The impact to a portfolio due to this purchase was 2.28%. The holding were 418,033 shares as of .

Penn Mutual Asset Management, LLC initiated holding in Vanguard Energy. The purchase prices were between $31.29 and $82.78, with an estimated average price of $64.6. The stock is now traded at around $47.53. The impact to a portfolio due to this purchase was 1.95%. The holding were 68,000 shares as of .

Penn Mutual Asset Management, LLC added to a holding in Annaly Capital Management Inc by 81.57%. The purchase prices were between $4.75 and $10.5, with an estimated average price of $8.84. The stock is now traded at around $5.85. The impact to a portfolio due to this purchase was 3.99%. The holding were 2,332,800 shares as of .

Penn Mutual Asset Management, LLC added to a holding in Barrick Gold Corp by 136.47%. The purchase prices were between $15.67 and $22.03, with an estimated average price of $18.74. The stock is now traded at around $27.09. The impact to a portfolio due to this purchase was 3.3%. The holding were 415,000 shares as of .

Penn Mutual Asset Management, LLC added to a holding in AGNC Investment Corp by 57.53%. The purchase prices were between $9.38 and $19.62, with an estimated average price of $16.76. The stock is now traded at around $12.26. The impact to a portfolio due to this purchase was 3.2%. The holding were 1,100,800 shares as of .

Penn Mutual Asset Management, LLC added to a holding in Two Harbors Investment Corp by 1236.00%. The purchase prices were between $2.61 and $15.83, with an estimated average price of $12.87. The stock is now traded at around $4.32. The impact to a portfolio due to this purchase was 1.77%. The holding were 668,000 shares as of .

Penn Mutual Asset Management, LLC added to a holding in Simon Property Group Inc by 103.23%. The purchase prices were between $44.92 and $149.11, with an estimated average price of $120.76. The stock is now traded at around $50.83. The impact to a portfolio due to this purchase was 1.32%. The holding were 63,000 shares as of .

Penn Mutual Asset Management, LLC added to a holding in New Residential Investment Corp by 60.19%. The purchase prices were between $4.57 and $17.63, with an estimated average price of $14.6. The stock is now traded at around $5.97. The impact to a portfolio due to this purchase was 0.98%. The holding were 692,000 shares as of .

Penn Mutual Asset Management, LLC sold out a holding in Upwork Inc. The sale prices were between $5.43 and $10.67, with an estimated average price of $8.65.

Penn Mutual Asset Management, LLC sold out a holding in Tallgrass Energy LP. The sale prices were between $12.76 and $22.33, with an estimated average price of $20.53.

Penn Mutual Asset Management, LLC sold out a holding in Phillips 66 Partners LP. The sale prices were between $24.51 and $64.78, with an estimated average price of $53.47.

Penn Mutual Asset Management, LLC sold out a holding in Magellan Midstream Partners LP. The sale prices were between $27.78 and $65.08, with an estimated average price of $54.1.

Penn Mutual Asset Management, LLC sold out a holding in MPLX LP. The sale prices were between $8.38 and $27.11, with an estimated average price of $20.71.

Penn Mutual Asset Management, LLC sold out a holding in Enterprise Products Partners LP. The sale prices were between $12.27 and $29.02, with an estimated average price of $23.43.