Reduce VUG; Increase V

Reduce: Vanguard Growth ETF

Our trading algorithm reduced our position in Vanguard Growth ETF (VUG) at an average share price of USD 194.23. Unit costs were USD 199.53. This is a loss of 2.66%. The algorithm reduced the relative exposure to this particular ETF.

Increase: Visa Inc.

Although only started this week, we added more shares to our position in Visa Inc. (V) at an average share price of USD 192.50.

At times our trading algorithms may choose to start a new position based on specific investment criteria. This is based on a whole range of factors that includes profits, profit growth, liabilities, dividend history, revenue growth and similar more. One factor is also relative performance to other stocks, to ETF's, to indices or our own US portfolio.