Confluence Investment Management’s Vanguard Small-Cap Growth ETF VBK Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-12,731	Closed	-$1.7M	–	247
2016 Q4	$1.7M	Sell	12,731 -21,411	-63%	-$2.8M	0.04%	180
2016 Q3	$4.5M	Sell	34,142 -26,045	-43%	-$3.39M	0.12%	126
2016 Q2	$7.46M	Buy	60,187 +1,296	+2%	+$157K	0.21%	113
2016 Q1	$7.01M	Buy	58,891 +4,547	+8%	+$506K	0.21%	108
2015 Q4	$6.6M	Buy	54,344 +3,882	+8%	+$479K	0.22%	111
2015 Q3	$5.94M	Buy	50,462 +3,528	+8%	+$456K	0.22%	115
2015 Q2	$6.3M	Buy	46,934 +3,356	+8%	+$452K	0.23%	114
2015 Q1	$5.74M	Buy	+43,578	New	+$5.64M	0.22%	118

Other funds holding VBK

Jones Financial Companies Des Peres, Missouri $208B AUM 16.12% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

BDF

Balasa Dinverno & Foltz $1.58B AUM 17.55% 1-Year Est. Return

AssetMark Inc Concord, California $49B AUM 17.78% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

QS Investors New York $8.47B AUM 30.71% 1-Year Est. Return

Confluence Investment Management's VBK Position: Q1 2017 in Review

Confluence Investment Management sold out of Vanguard Small-Cap Growth ETF (VBK) in Q1 2017, closing a stake of 12,731 shares — an estimated $1.7M sold.

Confluence Investment Management first reported a position in VBK in Q1 2015 and held it in 8 quarters. The position peaked at $7.46M in Q2 2016. 308 funds tracked by Wall St. Rank hold VBK as of Q1 2017.

Confluence Investment Management reported no remaining Vanguard Small-Cap Growth ETF position as of Q1 2017 after selling out during the quarter.
Confluence Investment Management sold 12,731 Vanguard Small-Cap Growth ETF shares in Q1 2017, an estimated $1.7M.
Confluence Investment Management first reported a position in Vanguard Small-Cap Growth ETF in Q1 2015 and held it in 8 quarters.
Confluence Investment Management's Vanguard Small-Cap Growth ETF position peaked at $7.46M in Q2 2016.
308 funds tracked by Wall St. Rank held Vanguard Small-Cap Growth ETF as of Q1 2017.

Based on Confluence Investment Management's 13F filing for Q1 2017, filed 6 Apr 2017.