Confluence Investment Management’s iShares S&P 500 Value ETF IVE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-166,665	Closed	-$19.4M	–	309
2019 Q4	$19.4M	Buy	166,665 +2,716	+2%	+$338K	0.31%	85
2019 Q3	$19.5M	Sell	163,949 -2,716	-2%	-$319K	0.3%	88
2019 Q2	$19.4M	Sell	166,665 -2,036	-1%	-$233K	0.31%	85
2019 Q1	$19M	Buy	168,701 +54,840	+48%	+$6.02M	0.32%	83
2018 Q4	$11.5M	Sell	113,861 -9,008	-7%	-$985K	0.22%	99
2018 Q3	$14.2M	Sell	122,869 -1,160	-0.9%	-$133K	0.24%	90
2018 Q2	$13.7M	Buy	124,029 +10,549	+9%	+$1.17M	0.24%	91
2018 Q1	$12.4M	Buy	113,480 +107,552	+1,814%	+$12.3M	0.23%	91
2017 Q4	$677K	Buy	5,928 +166	+3%	+$18.4K	0.01%	195
2017 Q3	$622K	Sell	5,762 -75	-1%	-$7.94K	0.01%	194
2017 Q2	$613K	Buy	5,837 +280	+5%	+$29.2K	0.01%	198
2017 Q1	$578K	Buy	5,557 +1,795	+48%	+$186K	0.01%	199
2016 Q4	$381K	Buy	3,762 +558	+17%	+$54.4K	0.01%	204
2016 Q3	$304K	Sell	3,204 -1,600	-33%	-$152K	0.01%	207
2016 Q2	$446K	Buy	4,804 +287	+6%	+$26.3K	0.01%	199
2016 Q1	$406K	Sell	4,517 -1,741	-28%	-$149K	0.01%	197
2015 Q4	$554K	Buy	6,258 +1,874	+43%	+$168K	0.02%	203
2015 Q3	$368K	Sell	4,384 -497	-10%	-$44.4K	0.01%	210
2015 Q2	$450K	Buy	4,881 +56	+1%	+$5.28K	0.02%	206
2015 Q1	$447K	Buy	4,825 +1,883	+64%	+$175K	0.02%	205
2014 Q4	$276K	Sell	2,942 -725	-20%	-$66.4K	0.01%	228
2014 Q3	$330K	Sell	3,667 -1,921	-34%	-$175K	0.01%	221
2014 Q2	$505K	Buy	5,588 +488	+10%	+$43.1K	0.02%	209
2014 Q1	$443K	Sell	5,100 -1,310	-20%	-$111K	0.02%	212
2013 Q4	$548K	Sell	6,410 -6,003	-48%	-$494K	0.03%	201
2013 Q3	$972K	Buy	12,413 +3,748	+43%	+$296K	0.06%	186
2013 Q2	$657K	Buy	+8,665	New	+$658K	0.05%	190