Avalon Investment & Advisory’s IPG Photonics IPGP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-10,084	Closed	-$1.46M	–	374
2017 Q2	$1.46M	Sell	10,084 -10,043	-50%	-$1.46M	0.05%	211
2017 Q1	$2.43M	Buy	20,127 +1,930	+11%	+$233K	0.08%	160
2016 Q4	$1.8M	Buy	+18,197	New	+$1.8M	0.06%	174