Avalon Investment & Advisory’s Industrial Select Sector SPDR Fund XLI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-6,941	Closed	-$405K	–	353
2016 Q3	$405K	Buy	6,941 +14	+0.2%	+$817	0.02%	266
2016 Q2	$388K	Buy	+6,927	New	+$388K	0.02%	248
2015 Q2	–	Sell	-5,896	Closed	-$329K	–	267
2015 Q1	$329K	Buy	+5,896	New	+$329K	0.01%	209