Cutler Investment Counsel’s Vale VALE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-11,707	Closed	-$39K	–	77
2015 Q4	$39K	Hold	11,707	–	–	0.01%	64
2015 Q3	$49K	Buy	+11,707	New	+$49K	0.02%	63