Dubuque Bank & Trust Co Buys Vanguard Telecommunication Services ETF, Vanguard Growth ETF, Vanguard Value ETF, Sells International Paper Co, Occidental Petroleum Corp, Marathon Petroleum Corp

• New Purchases: EFV, BND, EFG, QAI, VCSH, GMAB, SHY, SPLV, VWO, BXMX, VBK, VBR, JNK, DOCU, EMB, IWB, SHM, APHA, QRVO, EW, CI, URI, UNP, TGT, KMB,
• Added Positions: VOX, VUG, VTV, ITM, BIL, ADX, VZ, MDT, FSK, IWM, TY, VYM, VIS, BNDX, MBB, PSTL, AEP, BAC, BMY, CMCSA, COP, HON, GPN, DUK, CIO, ACN, BAX, VNQ, BG, DHR, DE, GE, GIS, MRK, MA, WFC, ISRG, OLED, UNH, TSN, TMO, SYK, QCOM, PFE, NOC,
• Reduced Positions: VTI, HTLF, WMT, AAPL, ECL, HD, AMGN, JNJ, JPM, VFH, UTX, TXN, RNP, MSFT, VGT, FDX, BLK, ABBV, ORCL, VHT, SBUX, GOOGL, KO, DSL, INTC, VEA, LOW, AMZN, IVV, BA, COST, CSCO, UPS, MCD, IJR, FB, VCR, BRK.B, DIS, AVGO, SPLK, V, TAL, TROW, PG, MS, VDE, AXP, USB, IJK, PEP, GS, VDC, SPY, PUK, ABT, CVX, IJH, HDB, IWR, JRI, PANW, CRM, BABA, ASML, MET, T, ADM, MDLZ, BUD, NEA, XOM, C, LIN, CVS, TRV, WM,
• Sold Out: IP, OXY, MPC, RELX, MKC, CHEF, SAGE, IWD,

For the details of DUBUQUE BANK & TRUST CO's stock buys and sells, go to https://www.gurufocus.com/guru/dubuque+bank+%26+trust+co/current-portfolio/portfolio

1. Heartland Financial USA Inc (HTLF) - 1,603,842 shares, 12.22% of the total portfolio. Shares reduced by 3.32%
2. Apple Inc (AAPL) - 82,044 shares, 3.69% of the total portfolio. Shares reduced by 10.83%
3. Microsoft Corp (MSFT) - 121,571 shares, 2.94% of the total portfolio. Shares reduced by 5.01%
4. Amgen Inc (AMGN) - 68,688 shares, 2.54% of the total portfolio. Shares reduced by 10.16%
5. Walmart Inc (WMT) - 132,495 shares, 2.41% of the total portfolio. Shares reduced by 12.6%

Dubuque Bank & Trust Co initiated holding in iShares MSCI EAFE Value ETF. 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 $49.90. The impact to a portfolio due to this purchase was 0.59%. The holding were 76,792 shares as of .

Dubuque Bank & Trust Co initiated holding in Vanguard Total Bond Market ETF. The purchase prices were between $83.03 and $84.38, with an estimated average price of $83.72. The stock is now traded at around $84.28. The impact to a portfolio due to this purchase was 0.55%. The holding were 43,079 shares as of .

Dubuque Bank & Trust Co initiated holding in iShares MSCI EAFE Growth ETF. The purchase prices were between $77.66 and $86.74, with an estimated average price of $83.11. The stock is now traded at around $87.69. The impact to a portfolio due to this purchase was 0.46%. The holding were 34,807 shares as of .

Dubuque Bank & Trust Co initiated holding in IQ Hedge Multi-Strategy Tracker ETF. The purchase prices were between $30.29 and $31.44, with an estimated average price of $30.85. The stock is now traded at around $31.02. The impact to a portfolio due to this purchase was 0.37%. The holding were 78,895 shares as of .

Dubuque Bank & Trust Co initiated holding in Vanguard Short-Term Corporate Bond ETF. The purchase prices were between $80.76 and $81.3, with an estimated average price of $81.01. The stock is now traded at around $81.13. The impact to a portfolio due to this purchase was 0.3%. The holding were 24,409 shares as of .

Dubuque Bank & Trust Co initiated holding in Genmab A/S. The purchase prices were between $18.88 and $24.14, with an estimated average price of $21.88. The stock is now traded at around $22.44. The impact to a portfolio due to this purchase was 0.28%. The holding were 80,380 shares as of .

Dubuque Bank & Trust Co added to a holding in Vanguard Telecommunication Services ETF by 323.90%. The purchase prices were between $84.78 and $94.87, with an estimated average price of $90.55. The stock is now traded at around $97.30. The impact to a portfolio due to this purchase was 0.61%. The holding were 55,896 shares as of .

Dubuque Bank & Trust Co added to a holding in Vanguard Growth ETF by 672.26%. The purchase prices were between $161.84 and $183.14, with an estimated average price of $173.6. The stock is now traded at around $188.51. The impact to a portfolio due to this purchase was 0.59%. The holding were 24,249 shares as of .

Dubuque Bank & Trust Co added to a holding in Vanguard Value ETF by 686.01%. The purchase prices were between $107.9 and $120.77, with an estimated average price of $115.63. The stock is now traded at around $120.26. The impact to a portfolio due to this purchase was 0.59%. The holding were 36,982 shares as of .

Dubuque Bank & Trust Co added to a holding in VanEck Vectors AMT-Free Intermediate Municipal Ind by 716.45%. The purchase prices were between $49.6 and $50.39, with an estimated average price of $50. The stock is now traded at around $50.69. The impact to a portfolio due to this purchase was 0.47%. The holding were 69,390 shares as of .

Dubuque Bank & Trust Co added to a holding in SPDR Barclays 1-3 Month T-Bill ETF by 41.81%. The purchase prices were between $91.08 and $91.43, with an estimated average price of $91.27. The stock is now traded at around $91.48. The impact to a portfolio due to this purchase was 0.29%. The holding were 70,341 shares as of .

Dubuque Bank & Trust Co added to a holding in Vanguard High Dividend Yield Index Fund by 48.50%. The purchase prices were between $85.84 and $94.47, with an estimated average price of $90.79. The stock is now traded at around $93.86. The impact to a portfolio due to this purchase was 0.03%. The holding were 5,490 shares as of .

Dubuque Bank & Trust Co sold out a holding in International Paper Co. The sale prices were between $38.43 and $47.42, with an estimated average price of $44.43.

Dubuque Bank & Trust Co sold out a holding in Occidental Petroleum Corp. The sale prices were between $37.34 and $44.23, with an estimated average price of $39.98.

Dubuque Bank & Trust Co sold out a holding in Marathon Petroleum Corp. The sale prices were between $57.11 and $68.02, with an estimated average price of $62.55.

Dubuque Bank & Trust Co sold out a holding in RELX PLC. The sale prices were between $22.65 and $25.3, with an estimated average price of $23.94.

Dubuque Bank & Trust Co sold out a holding in McCormick & Co Inc. The sale prices were between $158.46 and $172.74, with an estimated average price of $165.58.

Dubuque Bank & Trust Co sold out a holding in The Chefs' Warehouse Inc. The sale prices were between $32.74 and $39.61, with an estimated average price of $36.3.