Avalon Capital Management’s Invesco KBW High Dividend Yield Financial ETF KBWD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-28,638	Closed	-$726K	–	114
2013 Q4	$726K	Buy	28,638 +8,210	+40%	+$208K	0.61%	52
2013 Q3	$509K	Buy	+20,428	New	+$509K	0.5%	58