Ashford Capital Management’s iShares Select Dividend ETF DVY Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-4,498	Closed	-$321K	–	136
2013 Q4	$321K	Sell	4,498 -12,450	-73%	-$888K	0.06%	116
2013 Q3	$1.12M	Sell	16,948 -26,304	-61%	-$1.74M	0.22%	82
2013 Q2	$2.77M	Buy	+43,252	New	+$2.77M	0.6%	57