Baldwin Investment Management’s Invesco Water Resources ETF PHO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q1	–	Sell	-8,625	Closed	-$243K	–	169
2018 Q4	$243K	Hold	8,625	–	–	0.08%	140
2018 Q3	$274K	Hold	8,625	–	–	0.08%	140
2018 Q2	$261K	Sell	8,625 -4,000	-32%	-$122K	0.08%	149
2018 Q1	$385K	Hold	12,625	–	–	0.14%	82
2017 Q4	$382K	Hold	12,625	–	–	0.14%	86
2017 Q3	$360K	Hold	12,625	–	–	0.14%	88
2017 Q2	$340K	Hold	12,625	–	–	0.14%	85
2017 Q1	$329K	Hold	12,625	–	–	0.13%	99
2016 Q4	$310K	Hold	12,625	–	–	0.12%	97
2016 Q3	$311K	Hold	12,625	–	–	0.13%	100
2016 Q2	$298K	Hold	12,625	–	–	0.13%	101
2016 Q1	$277K	Hold	12,625	–	–	0.12%	105
2015 Q4	$274K	Hold	12,625	–	–	0.12%	106
2015 Q3	$259K	Hold	12,625	–	–	0.11%	116
2015 Q2	$315K	Hold	12,625	–	–	0.13%	110
2015 Q1	$314K	Hold	12,625	–	–	0.12%	110
2014 Q4	$325K	Hold	12,625	–	–	0.13%	106
2014 Q3	$311K	Sell	12,625 -300	-2%	-$7.69K	0.13%	107
2014 Q2	$344K	Hold	12,925	–	–	0.15%	97
2014 Q1	$345K	Hold	12,925	–	–	0.15%	97
2013 Q4	$339K	Hold	12,925	–	–	0.15%	98
2013 Q3	$309K	Hold	12,925	–	–	0.15%	98
2013 Q2	$285K	Buy	+12,925	New	+$290K	0.14%	99