Arlington Capital Management, Inc. Buys iShares MSCI ACWI Index Fund, iShares MSCI Russia, Avadel Pharmaceuticals PLC, Sells Invesco Solar, Invesco Water Resources ETF, iShares Silver Trust

• New Purchases: ACWI, ERUS, AVDL, DOG, JHY, OXLC, TYG, ECC, CEM, EFA, IHIT, PGP, USO,
• Added Positions: UMC, JPI, NTG, HIE, NCV, KBH, EFL, IEMG, NCZ, TSM, VUG, MTH, JEMD,
• Reduced Positions: SLV, ITB, IGV, GLD, LSCC, BLDR, ARCC, FEI, PHK, EFR, EFT, JLS, ETV, FIV, BGIO, NOW, FPL, JCO, JHB, EHT,
• Sold Out: TAN, PHO, BZH, SEDG, IRT, ENPH, PSX, TNP, VLO, NMM, JRO, BSL, NML, CII, NSL, IJH, MDYG, DHY, EAD, TEI, CBH,

For the details of Arlington Capital Management, Inc.'s stock buys and sells, go to https://www.gurufocus.com/guru/arlington+capital+management%2C+inc./current-portfolio/portfolio

1. iShares MSCI ACWI Index Fund (ACWI) - 477,559 shares, 34.64% of the total portfolio. New Position
2. iShares U.S. Home Construction (ITB) - 473,128 shares, 15.87% of the total portfolio. Shares reduced by 10.4%
3. iShares Expanded Tech-Software Sector (IGV) - 47,783 shares, 11.65% of the total portfolio. Shares reduced by 15.6%
4. SPDR Gold Trust (GLD) - 48,719 shares, 8.36% of the total portfolio. Shares reduced by 14.01%
5. iShares MSCI Russia (ERUS) - 249,884 shares, 8.04% of the total portfolio. New Position

Arlington Capital Management, Inc. initiated holding in iShares MSCI ACWI Index Fund. The purchase prices were between $54.33 and $81.73, with an estimated average price of $74.68. The stock is now traded at around $66.91. The impact to a portfolio due to this purchase was 34.64%. The holding were 477,559 shares as of .

Arlington Capital Management, Inc. initiated holding in iShares MSCI Russia. The purchase prices were between $22 and $45.27, with an estimated average price of $37.74. The stock is now traded at around $30.21. The impact to a portfolio due to this purchase was 8.04%. The holding were 249,884 shares as of .

Arlington Capital Management, Inc. initiated holding in Avadel Pharmaceuticals PLC. The purchase prices were between $4.06 and $10.64, with an estimated average price of $7.67. The stock is now traded at around $9.20. The impact to a portfolio due to this purchase was 1.07%. The holding were 115,902 shares as of .

Arlington Capital Management, Inc. initiated holding in ProShares Short Dow30. The purchase prices were between $47.52 and $70.37, with an estimated average price of $52.71. The stock is now traded at around $53.04. The impact to a portfolio due to this purchase was 1.04%. The holding were 15,400 shares as of .

Arlington Capital Management, Inc. initiated holding in Nuveen High Income 2020 Target Term Fund. The purchase prices were between $8.02 and $9.82, with an estimated average price of $9.52. The stock is now traded at around $9.03. The impact to a portfolio due to this purchase was 0.64%. The holding were 62,289 shares as of .

Arlington Capital Management, Inc. initiated holding in Oxford Lane Capital Corp. The purchase prices were between $2.41 and $9.56, with an estimated average price of $7.75. The stock is now traded at around $4.90. The impact to a portfolio due to this purchase was 0.64%. The holding were 132,607 shares as of .

Arlington Capital Management, Inc. added to a holding in United Microelectronics Corp by 260.19%. The purchase prices were between $2.16 and $2.81, with an estimated average price of $2.53. The stock is now traded at around $2.43. The impact to a portfolio due to this purchase was 0.65%. The holding were 356,034 shares as of .

Arlington Capital Management, Inc. added to a holding in Nuveen Preferred and Income Term Fund by 120.98%. The purchase prices were between $14.04 and $26.46, with an estimated average price of $23.68. The stock is now traded at around $20.29. The impact to a portfolio due to this purchase was 0.32%. The holding were 28,022 shares as of .

Arlington Capital Management, Inc. added to a holding in Tortoise Midstream Energy Fund, Inc. by 185.66%. The purchase prices were between $6.37 and $115.7, with an estimated average price of $80.02. The stock is now traded at around $18.83. The impact to a portfolio due to this purchase was 0.16%. The holding were 24,510 shares as of .

Arlington Capital Management, Inc. added to a holding in Miller/Howard High Income Equity Fund by 164.48%. The purchase prices were between $4.29 and $11.59, with an estimated average price of $9.75. The stock is now traded at around $5.68. The impact to a portfolio due to this purchase was 0.15%. The holding were 36,202 shares as of .

Arlington Capital Management, Inc. added to a holding in AllianzGI Convertible & Income Fund by 30.16%. The purchase prices were between $2.64 and $6.09, with an estimated average price of $5.29. The stock is now traded at around $3.85. The impact to a portfolio due to this purchase was 0.08%. The holding were 82,397 shares as of .

Arlington Capital Management, Inc. sold out a holding in Invesco Solar. The sale prices were between $22.22 and $41.86, with an estimated average price of $32.84.

Arlington Capital Management, Inc. sold out a holding in Invesco Water Resources ETF. The sale prices were between $26.72 and $41.11, with an estimated average price of $37.36.

Arlington Capital Management, Inc. sold out a holding in Beazer Homes USA Inc. The sale prices were between $4.76 and $17.21, with an estimated average price of $12.49.

Arlington Capital Management, Inc. sold out a holding in SolarEdge Technologies Inc. The sale prices were between $69.48 and $142.2, with an estimated average price of $105.66.

Arlington Capital Management, Inc. sold out a holding in Independence Realty Trust Inc. The sale prices were between $7.62 and $16.5, with an estimated average price of $13.59.

Arlington Capital Management, Inc. sold out a holding in Enphase Energy Inc. The sale prices were between $23.99 and $59.09, with an estimated average price of $37.47.