Equity ETF Swap

While I remain extremely bearish on stocks, I am adding ProShares Russell 2000 Dividend Growers ETF (SMDV) back at a higher price than where I exited it on June 24th. I bought RSP then, which has gone up a lot more, but I turned that into ProShares S&P 500 Dividend Aristocrats ETF (NOBL), which has done even better. Today, I am exiting NOBL and adding SMDV back, spending a little cash too.

The trades:

• Sell all (100 shares) NOBL at $58.85

• Buy 100 SMDV at $77.47

The updated model portfolio: