Financial Advisory Service, Inc. Buys Vanguard High Dividend Yield Index Fund, SPDR Nuveen Barclays Municipal Bond ETF, iShares National Muni Bond ETF, Sells Raytheon Co, Philip Morris International Inc, British American Tobacco PLC

• New Purchases: VYM, ABBV, SHV, EPD, GRMN, CAT, IJK, VWO, VEU, VNQ, PCY, IYW, S, EEMV, VDE, DSI, PZA, JNK, XLF, BSCK, BSCM, VTV, BSCL, IYR, RPG, VGK, SCHH, SHYG, VGIT, SPDW, VCIT, SPEM, SPSM, PICK, VO, DGRO, VOO, ELR, EMM, ITA, VUG, IDU, IBB, EWW, USRT, VDC, XHB, VOOV, XLK, VOOG, VIOG, VNQI, PGF, WFCPL.PFD, BSV, EWG, HDV, IEV, IHF, IOO, IWV, IYY, PEY, TIP, PID, PXF, PXH, RYT, SOXX, SPLV, SPSB, SPYG, SUSC,
• Added Positions: ACWV, VTI, TFI, MUB, SCHX, SCHV, SCHF, SLYG, FNDX, EFG, IEF, DVY, SCHA, SLYV, PHYS, CORP, IEMG, SCHE, SCHM, SCHZ, SCZ, VCSH, IVW, IVV, SCHG, JNJ, LQD, XLE, IVE, T, IJR, IJH, IAGG, PG, VIG, MRK, ITOT, SCHR, ANGL, MMP, FNDA, SCHC, SCHB, IDV, BMY, IEFA, AGZ, JPM, LLY, VLUE, VMBS, VT, SUB, SDY, WY, AFIN, IGIB, DWX, MBB, MMM,
• Reduced Positions: AAPL, CERN, BRK.B, SPIB, SHM, XOM, BNDX, WMT, IJS, VGT, ACWI, HYG, IWF, IWP, HYMB, IWS, GVI, NOBL, EEM, PFF, FB, INTC, AMGN, BA, CSCO, AGG, PEP, NFLX, LMT, PFE, F, MTUM, DUK, COP, TXN, WM, VBR, ABT,
• Sold Out: RTN, PM, BTI, GE,

For the details of Financial Advisory Service, Inc.'s stock buys and sells, go to https://www.gurufocus.com/guru/financial+advisory+service%2C+inc./current-portfolio/portfolio

1. iShares Edge MSCI Min Volatility Global ETF (ACWV) - 519,103 shares, 9.32% of the total portfolio. Shares added by 1.71%
2. Vanguard Total Stock Market ETF (VTI) - 278,991 shares, 8.55% of the total portfolio. Shares added by 1.95%
3. iShares MSCI EAFE Growth ETF (EFG) - 394,496 shares, 6.39% of the total portfolio. Shares added by 1.12%
4. SPDR S&P 400 Mid Cap Growth ETF (MDYG) - 533,182 shares, 5.70% of the total portfolio. Shares added by 0.80%
5. SPDR S&P 600 Small Cap Growth ETF (SLYG) - 470,768 shares, 5.69% of the total portfolio. Shares added by 1.22%

Financial Advisory Service, Inc. initiated holding in Vanguard High Dividend Yield Index Fund. 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 $91.39. The impact to a portfolio due to this purchase was 0.15%. The holding were 8,306 shares as of .

Financial Advisory Service, Inc. initiated holding in AbbVie Inc. The purchase prices were between $72.13 and $90.25, with an estimated average price of $83.36. The stock is now traded at around $81.19. The impact to a portfolio due to this purchase was 0.05%. The holding were 2,971 shares as of .

Financial Advisory Service, Inc. initiated holding in iShares Short Treasury Bond ETF. The purchase prices were between $110.39 and $110.72, with an estimated average price of $110.55. The stock is now traded at around $110.61. The impact to a portfolio due to this purchase was 0.05%. The holding were 2,369 shares as of .

Financial Advisory Service, Inc. initiated holding in iShares S&P Mid-Cap 400 Growth ETF. The purchase prices were between $216.13 and $238.61, with an estimated average price of $228.79. The stock is now traded at around $235.74. The impact to a portfolio due to this purchase was 0.04%. The holding were 848 shares as of .

Financial Advisory Service, Inc. initiated holding in Vanguard FTSE Emerging Markets ETF. The purchase prices were between $39.79 and $44.7, with an estimated average price of $42.43. The stock is now traded at around $41.93. The impact to a portfolio due to this purchase was 0.04%. The holding were 4,292 shares as of .

Financial Advisory Service, Inc. initiated holding in Caterpillar Inc. The purchase prices were between $117.97 and $148.5, with an estimated average price of $140.03. The stock is now traded at around $131.11. The impact to a portfolio due to this purchase was 0.04%. The holding were 1,569 shares as of .

Financial Advisory Service, Inc. added to a holding in SPDR Nuveen Barclays Municipal Bond ETF by 49.72%. The purchase prices were between $50.2 and $51.05, with an estimated average price of $50.62. The stock is now traded at around $51.66. The impact to a portfolio due to this purchase was 0.15%. The holding were 48,495 shares as of .

Financial Advisory Service, Inc. added to a holding in iShares National Muni Bond ETF by 31.51%. The purchase prices were between $113.18 and $114.61, with an estimated average price of $113.91. The stock is now traded at around $115.80. The impact to a portfolio due to this purchase was 0.13%. The holding were 24,750 shares as of .

Financial Advisory Service, Inc. added to a holding in Schwab Fundamental U.S. Large Company Index ETF by 27.60%. The purchase prices were between $38.15 and $42.78, with an estimated average price of $41.04. The stock is now traded at around $41.74. The impact to a portfolio due to this purchase was 0.07%. The holding were 41,265 shares as of .

Financial Advisory Service, Inc. added to a holding in Sprott Physical Gold Trust by 49.36%. The purchase prices were between $11.67 and $12.18, with an estimated average price of $11.9. The stock is now traded at around $12.77. The impact to a portfolio due to this purchase was 0.05%. The holding were 60,515 shares as of .

Financial Advisory Service, Inc. added to a holding in Energy Select Sector SPDR Fund by 24.54%. The purchase prices were between $55.9 and $61.99, with an estimated average price of $59.34. The stock is now traded at around $53.31. The impact to a portfolio due to this purchase was 0.02%. The holding were 8,479 shares as of .

Financial Advisory Service, Inc. added to a holding in Magellan Midstream Partners LP by 23.96%. The purchase prices were between $58.47 and $65.77, with an estimated average price of $62.19. The stock is now traded at around $61.72. The impact to a portfolio due to this purchase was 0.01%. The holding were 5,230 shares as of .

Financial Advisory Service, Inc. sold out a holding in Raytheon Co. The sale prices were between $191.28 and $221.02, with an estimated average price of $211.93.

Financial Advisory Service, Inc. sold out a holding in Philip Morris International Inc. The sale prices were between $76.37 and $86.31, with an estimated average price of $82.55.

Financial Advisory Service, Inc. sold out a holding in British American Tobacco PLC. The sale prices were between $34.32 and $42.8, with an estimated average price of $37.81.

Financial Advisory Service, Inc. sold out a holding in General Electric Co. The sale prices were between $8.28 and $11.58, with an estimated average price of $10.42.