Bares Capital Management’s Invesco National AMT-Free Municipal Bond ETF PZA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-8,668	Closed	-$209K	–	64
2014 Q1	$209K	Buy	+8,668	New	+$209K	0.02%	68
2013 Q4	–	Sell	-8,728	Closed	-$201K	–	66
2013 Q3	$201K	Hold	8,728	–	–	0.02%	67
2013 Q2	$209K	Buy	+8,728	New	+$209K	0.02%	68