The BIA Global Strategy Model Portfolio had added a 5% position in the SPDR Select Sector Energy ETF (XLE) at a net cost of 62.41
The BIA Global Strategy Model Portfolio has removed the entire position in the ProShares Ultra VIX Short-Term Futures ETF (UVXY) at a net price of 20.63. The position was last added to on Feb 9th 2012 and had a split adjusted average cost of 34.19.
DISCLAIMER: Nothing in this article should be construed as a personal recommendation or advice. Nor should anything in this article be construed as an offer, or a solicitation of an offer, to sell or buy any investment security.
The BIA Global Strategy Model Portfolio engages in short term aggressive, speculative strategies with an appropriate portion of an investor’s overall investable assets. Investors should conduct their own due diligence and seek the advice of a financial and/or investment professional before making any investment decisions