Confluence Investment Management’s iShares GNMA Bond ETF GNMA Stock Holding History

Confluence Investment Management’s Portfolio GNMA Stock Details GNMA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-60,465	Closed	-$3.03M	–	234
2015 Q4	$3.03M	Buy	60,465 +2,898	+5%	+$146K	0.1%	143
2015 Q3	$2.9M	Buy	57,567 +2,874	+5%	+$144K	0.11%	148
2015 Q2	$2.73M	Buy	54,693 +2,653	+5%	+$133K	0.1%	151
2015 Q1	$2.63M	Buy	52,040 +2,402	+5%	+$121K	0.1%	155
2014 Q4	$2.51M	Buy	49,638 +2,303	+5%	+$116K	0.1%	142
2014 Q3	$2.37M	Buy	47,335 +3,061	+7%	+$153K	0.11%	151
2014 Q2	$2.21M	Buy	44,274 +901	+2%	+$44.5K	0.1%	153
2014 Q1	$2.12M	Buy	43,373 +4,601	+12%	+$225K	0.11%	157
2013 Q4	$1.88M	Buy	38,772 +2,394	+7%	+$117K	0.1%	152
2013 Q3	$1.77M	Buy	36,378 +2,379	+7%	+$114K	0.11%	154
2013 Q2	$1.64M	Buy	+33,999	New	+$1.68M	0.11%	153

Other funds holding GNMA

LTFS

Ladenburg Thalmann Financial Services Miami, Florida $15.9B AUM 25.16% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

VKH

Virtu KCG Holdings New York $3.6B AUM 17.11% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $424B AUM 22.96% 1-Year Est. Return

FormulaFolio Investments Grand Rapids, Michigan $299M AUM 27.65% 1-Year Est. Return

Citadel Advisors Miami, Florida $875B AUM 40.89% 1-Year Est. Return

Commonwealth Equity Services Waltham, Massachusetts $79.5B AUM 27.1% 1-Year Est. Return

Jane Street New York $1.21T AUM 78.12% 1-Year Est. Return

Confluence Investment Management's GNMA Position: Q1 2016 in Review

Confluence Investment Management sold out of iShares GNMA Bond ETF (GNMA) in Q1 2016, closing a stake of 60,465 shares — an estimated $3.03M sold.

Confluence Investment Management first reported a position in GNMA in Q2 2013 and held it in 11 quarters. The position peaked at $3.03M in Q4 2015. 31 funds tracked by Wall St. Rank hold GNMA as of Q1 2016.

Confluence Investment Management reported no remaining iShares GNMA Bond ETF position as of Q1 2016 after selling out during the quarter.
Confluence Investment Management sold 60,465 iShares GNMA Bond ETF shares in Q1 2016, an estimated $3.03M.
Confluence Investment Management first reported a position in iShares GNMA Bond ETF in Q2 2013 and held it in 11 quarters.
Confluence Investment Management's iShares GNMA Bond ETF position peaked at $3.03M in Q4 2015.
31 funds tracked by Wall St. Rank held iShares GNMA Bond ETF as of Q1 2016.

Based on Confluence Investment Management's 13F filing for Q1 2016, filed 4 May 2016.