Relative Value Partners Group, LLC Buys VANGUARD INDEX FDS, PIMCO ETF TRUST, VANGUARD TAX MANAG, Sells ISHARES TRUST, SPDR SERIES TRUST, ISHARES TRUST

• New Purchases: MINT, NAD, EQC, GPM, BXMT, KMI, JPM, LNC, IVW, BDJ, MVC,
• Added Positions: VTV, VEA, TLI, BXMX, LADR, FRA, SHM, FOCS, TRTX, PRF, BRT, ACRE, EQR, TPZ, NIQ, GDL, DGRW, NFJ, GPMT, EDIV, WIA, VMBS, GBDC, CLNC, WDR, TFI, ARCC, FIV, NHA, IEFA, IVV, JRI, BACPL.PFD, PFE, AAPL, CVX, C, PFLT, JMM, MIN, IGD, IQLT, ANH, VTIP, BRK.B, VLUE, PNNT, VBR, EXG, INTC, JNJ, IWD, MFA, JQC, IJS, IJH, MGU, GDX, EWJ, VZ, JEQ, GF, LGI,
• Reduced Positions: SHY, SPTS, QUAL, IEI, BSV, IEF, PHD, EIM, GFY, GOVT, TRUP, MSFT, MUB, IVE, NXR, PPR, VONE, VT, VTEB, WFCPL.PFD, EGF, NXQ, PFF, MFL, NIM, EEA, SHV, LLY,
• Sold Out: AGNC, IAU, INFO, BLW, NUV, XOM, PSX, VHT, SBSI,

For the details of Relative Value Partners Group, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/relative+value+partners+group%2C+llc/current-portfolio/portfolio

1. ISHARES TRUST (OEF) - 434,686 shares, 7.23% of the total portfolio. Shares reduced by 0.69%
2. ISHARES TRUST (GOVT) - 1,342,229 shares, 4.01% of the total portfolio. Shares reduced by 2.41%
3. VANGUARD INDEX FDS (VTI) - 215,673 shares, 3.92% of the total portfolio. Shares added by 0.15%
4. VANGUARD INDEX FDS (VTV) - 350,670 shares, 3.91% of the total portfolio. Shares added by 94.90%
5. WisdomTree U.S. Dividend Growth Fund (DGRW) - 709,139 shares, 3.75% of the total portfolio. Shares added by 1.46%

Relative Value Partners Group, LLC initiated holding in PIMCO ETF TRUST. The purchase prices were between $101.57 and $102, with an estimated average price of $101.83. The stock is now traded at around $101.97. The impact to a portfolio due to this purchase was 1.71%. The holding were 157,060 shares as of .

Relative Value Partners Group, LLC initiated holding in Nuveen Quality Municipal Income Fund. The purchase prices were between $14.04 and $14.94, with an estimated average price of $14.51. The stock is now traded at around $14.68. The impact to a portfolio due to this purchase was 0.74%. The holding were 475,436 shares as of .

Relative Value Partners Group, LLC initiated holding in Equity Commonwealth. The purchase prices were between $26.63 and $32.68, with an estimated average price of $30.94. The stock is now traded at around $27.20. The impact to a portfolio due to this purchase was 0.28%. The holding were 88,435 shares as of .

Relative Value Partners Group, LLC initiated holding in Guggenheim Enhanced Equity Income Fund. The purchase prices were between $5.24 and $5.78, with an estimated average price of $5.52. The stock is now traded at around $6.07. The impact to a portfolio due to this purchase was 0.19%. The holding were 326,158 shares as of .

Relative Value Partners Group, LLC initiated holding in Blackstone Mortgage Trust Inc. The purchase prices were between $21.25 and $25.46, with an estimated average price of $23.43. The stock is now traded at around $25.21. The impact to a portfolio due to this purchase was 0.15%. The holding were 64,910 shares as of .

Relative Value Partners Group, LLC initiated holding in Kinder Morgan Inc. The purchase prices were between $12.23 and $15.19, with an estimated average price of $13.95. The stock is now traded at around $13.13. The impact to a portfolio due to this purchase was 0.07%. The holding were 53,405 shares as of .

Relative Value Partners Group, LLC added to a holding in VANGUARD INDEX FDS by 94.90%. The purchase prices were between $98.37 and $109.49, with an estimated average price of $104.76. The stock is now traded at around $114.26. The impact to a portfolio due to this purchase was 1.9%. The holding were 350,670 shares as of .

Relative Value Partners Group, LLC added to a holding in VANGUARD TAX MANAG by 1683.24%. The purchase prices were between $38.92 and $42.44, with an estimated average price of $41.01. The stock is now traded at around $44.29. The impact to a portfolio due to this purchase was 0.86%. The holding were 209,049 shares as of .

Relative Value Partners Group, LLC added to a holding in Western Asset Corporate Loan Fund Inc by 69.06%. The purchase prices were between $8.57 and $9.32, with an estimated average price of $9.1. The stock is now traded at around $9.24. The impact to a portfolio due to this purchase was 0.22%. The holding were 546,861 shares as of .

Relative Value Partners Group, LLC added to a holding in Nuveen S&P 500 Buy-Write Income Fund by 204.52%. The purchase prices were between $10.95 and $12.03, with an estimated average price of $11.43. The stock is now traded at around $11.91. The impact to a portfolio due to this purchase was 0.17%. The holding were 204,962 shares as of .

Relative Value Partners Group, LLC added to a holding in Ladder Capital Corp by 70.07%. The purchase prices were between $6.57 and $8.28, with an estimated average price of $7.52. The stock is now traded at around $8.44. The impact to a portfolio due to this purchase was 0.16%. The holding were 511,602 shares as of .

Relative Value Partners Group, LLC added to a holding in Focus Financial Partners Inc by 32.42%. The purchase prices were between $30.42 and $39.94, with an estimated average price of $35.32. The stock is now traded at around $37.53. The impact to a portfolio due to this purchase was 0.09%. The holding were 102,119 shares as of .

Relative Value Partners Group, LLC sold out a holding in AGNC Investment Corp. The sale prices were between $12.67 and $14.61, with an estimated average price of $13.75.

Relative Value Partners Group, LLC sold out a holding in ISHARES GOLD TRUST. The sale prices were between $16.92 and $19.71, with an estimated average price of $18.26.

Relative Value Partners Group, LLC sold out a holding in Blackrock Ltd Duration Income Trust. The sale prices were between $13.96 and $15.3, with an estimated average price of $14.76.

Relative Value Partners Group, LLC sold out a holding in IHS Markit Ltd. The sale prices were between $75.64 and $83.96, with an estimated average price of $79.58.

Relative Value Partners Group, LLC sold out a holding in Nuveen Municipal Value Fund Inc. The sale prices were between $10.24 and $10.79, with an estimated average price of $10.58.

Relative Value Partners Group, LLC sold out a holding in Phillips 66. The sale prices were between $51.84 and $69.11, with an estimated average price of $61.11.