Ativo Capital Management’s Independent Bank Corp IBCP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-40,778	Closed	-$529K	–	172
2014 Q1	$529K	Sell	40,778 -7,308	-15%	-$94.8K	0.21%	88
2013 Q4	$577K	Buy	48,086 +8,105	+20%	+$97.3K	0.25%	75
2013 Q3	$400K	Buy	+39,981	New	+$400K	0.19%	128