Avalon Investment & Advisory’s iShares 20+ Year Treasury Bond ETF TLT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-6,154	Closed	-$768K	–	374
2017 Q3	$768K	Buy	+6,154	New	+$768K	0.02%	284
2015 Q4	–	Sell	-26,454	Closed	-$3.27M	–	273
2015 Q3	$3.27M	Buy	+26,454	New	+$3.27M	0.14%	113