Valmark Advisers, Inc. Buys Deutsche X-trackers USD High Yield Corporate Bond , Invesco BulletShares 2022 Corporate Bond ETF, Invesco BulletShares 2021 Corporate Bond ETF, Sells iShares iBoxx $ High Yield Corporate Bond ETF, Accenture PLC, First Trust Low

• New Purchases: BSCM, BSCL, SPHD, BP, BIDU, EIX, SO, FTSM, IVOO, VTV, VEON, KMI, IWB, TIP,
• Added Positions: HYLB, ITOT, BSV, VTI, VSS, DGRO, XLE, VXUS, VDE, FVD, HDV, MUB, QQEW, SCHD, SLYG, VO, XLP, XLY, AGG, SCHA, SCHB, PFE, SCHM, SCHP, PEP, SPLV, SPY, SUB, VB, NFLX, MCD, HD, VTEB, XOM, VXF, ED, VYM, CVX, BA, XLU, XLV, T, DEM, DES, BSCJ, DVY, DWM, EFA, BND, GLD, PM, IDV, IEFA, IGE, ITA, WMT, IVV, IWM, IWP, IWS, UTX, PCEF, TGP, RSP, RWO,
• Reduced Positions: HYG, VOO, LQD, IJH, ACN, IVW, VAW, TDTT, IVE, VMBS, VIG, BNDX, GNR, IEMG, IEI, IWD, IWF, IYH, IYW, MDYG, PFF, QQQ, RWR, RWX, SDY, VCSH, VGT, VPU, VT, WIP, XLK, ABT, MO, AMGN, AAPL, BRK.B, CHD, CSCO, KO, LLY, NEE, GOOGL, JPM, JNJ, LMT, MRK, PG, SHW, UNP, DIS, GOOG, AMLP, AOA, BKLN, CWI, DLN, EBND, EEM, FTEC,
• Sold Out: LMBS, BABA, DOW,

For the details of Valmark Advisers, Inc.'s stock buys and sells, go to https://www.gurufocus.com/guru/valmark+advisers%2C+inc./current-portfolio/portfolioportfolio

1. Vanguard FTSE Developed Markets ETF (VEA) - 11,746,162 shares, 11.61% of the total portfolio. Shares reduced by 0.69%
2. Vanguard S&P 500 ETF (VOO) - 1,356,897 shares, 8.65% of the total portfolio. Shares reduced by 4.75%
3. iShares Core S&P Mid-Cap ETF (IJH) - 1,764,788 shares, 8.12% of the total portfolio. Shares reduced by 1.07%
4. Vanguard FTSE Emerging Markets ETF (VWO) - 7,124,188 shares, 7.18% of the total portfolio. Shares added by 0.02%
5. Vanguard Short-Term Inflation-Protected Securities (VTIP) - 5,431,065 shares, 6.35% of the total portfolio. Shares reduced by 0.84%

Valmark Advisers, Inc. initiated holding in Invesco BulletShares 2022 Corporate Bond ETF. The purchase prices were between $21.01 and $21.43, with an estimated average price of $21.17. The stock is now traded at around $21.47. The impact to a portfolio due to this purchase was 0.15%. The holding were 291,991 shares as of .

Valmark Advisers, Inc. initiated holding in Invesco BulletShares 2021 Corporate Bond ETF. The purchase prices were between $20.96 and $21.24, with an estimated average price of $21.06. The stock is now traded at around $21.25. The impact to a portfolio due to this purchase was 0.12%. The holding were 244,431 shares as of .

Valmark Advisers, Inc. initiated holding in Invesco S&P 500 High Dividend Low Volatility ETF. The purchase prices were between $39.89 and $43.31, with an estimated average price of $42.06. The stock is now traded at around $40.53. The impact to a portfolio due to this purchase was 0.02%. The holding were 20,143 shares as of .

Valmark Advisers, Inc. initiated holding in First Trust Enhanced Short Maturity ETF. The purchase prices were between $59.97 and $60.16, with an estimated average price of $60.07. The stock is now traded at around $60.10. The impact to a portfolio due to this purchase was 0.01%. The holding were 3,644 shares as of .

Valmark Advisers, Inc. initiated holding in BP PLC. The purchase prices were between $40.44 and $45.23, with an estimated average price of $42.67. The stock is now traded at around $37.55. The impact to a portfolio due to this purchase was 0.01%. The holding were 6,086 shares as of .

Valmark Advisers, Inc. initiated holding in Vanguard Value ETF. The purchase prices were between $104.21 and $111.67, with an estimated average price of $109.16. The stock is now traded at around $108.03. The impact to a portfolio due to this purchase was 0.01%. The holding were 2,041 shares as of .

Valmark Advisers, Inc. added to a holding in Deutsche X-trackers USD High Yield Corporate Bond by 125.76%. The purchase prices were between $48.68 and $50.4, with an estimated average price of $49.7. The stock is now traded at around $49.49. The impact to a portfolio due to this purchase was 2.14%. The holding were 3,229,708 shares as of .

Valmark Advisers, Inc. added to a holding in Vanguard FTSE All-World Ex-US Small-Cap Index Fund by 21.24%. The purchase prices were between $101.01 and $107.54, with an estimated average price of $104.35. The stock is now traded at around $100.15. The impact to a portfolio due to this purchase was 0.03%. The holding were 65,157 shares as of .

Valmark Advisers, Inc. added to a holding in Energy Select Sector SPDR Fund by 34.17%. The purchase prices were between $58.77 and $68.61, with an estimated average price of $64.04. The stock is now traded at around $58.09. The impact to a portfolio due to this purchase was 0.02%. The holding were 43,104 shares as of .

Valmark Advisers, Inc. added to a holding in iShares Core Dividend Growth ETF by 81.15%. The purchase prices were between $35.71 and $38.38, with an estimated average price of $37.29. The stock is now traded at around $37.45. The impact to a portfolio due to this purchase was 0.02%. The holding were 60,569 shares as of .

Valmark Advisers, Inc. added to a holding in iShares Core High Dividend ETF by 61.29%. The purchase prices were between $88.8 and $95.23, with an estimated average price of $93.16. The stock is now traded at around $91.54. The impact to a portfolio due to this purchase was 0.01%. The holding were 12,855 shares as of .

Valmark Advisers, Inc. added to a holding in iShares National Muni Bond ETF by 36.85%. The purchase prices were between $110.67 and $113.09, with an estimated average price of $111.96. The stock is now traded at around $114.56. The impact to a portfolio due to this purchase was 0.01%. The holding were 20,323 shares as of .

Valmark Advisers, Inc. sold out a holding in First Trust Low Duration Mortgage Opportunities ET. The sale prices were between $51.22 and $51.68, with an estimated average price of $51.43.

Valmark Advisers, Inc. sold out a holding in Alibaba Group Holding Ltd. The sale prices were between $149.26 and $195.21, with an estimated average price of $172.54.

Valmark Advisers, Inc. sold out a holding in Dow Inc. The sale prices were between $46.76 and $59.71, with an estimated average price of $52.82.