Gateway Advisory’s iShares Europe Developed Real Estate ETF IFEU Stock Holding History

Gateway Advisory’s Portfolio IFEU Stock Details IFEU Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-110,600	Closed	-$4.16M	–	54
2015 Q4	$4.16M	Sell	110,600 -11,444	-9%	-$441K	1.91%	17
2015 Q3	$4.68M	Sell	122,044 -3,316	-3%	-$127K	2.22%	14
2015 Q2	$4.59M	Buy	125,360 +315	+0.3%	+$12.2K	2.02%	16
2015 Q1	$4.82M	Buy	125,045 +1,502	+1%	+$58.4K	2.14%	13
2014 Q4	$4.51M	Buy	123,543 +2,437	+2%	+$86.9K	2.03%	16
2014 Q3	$4.25M	Buy	121,106 +7,178	+6%	+$267K	1.95%	17
2014 Q2	$4.36M	Buy	113,928 +24,816	+28%	+$938K	2.01%	16
2014 Q1	$3.21M	Buy	+89,112	New	+$3.16M	1.55%	21

Other funds holding IFEU

Xponance Philadelphia, Pennsylvania $14.1B AUM 30.11% 1-Year Est. Return

HCM

Harvest Capital Management Concord, New Hampshire $347M AUM 4.08% 1-Year Est. Return

New York State Common Retirement Fund Albany, New York $71.6B AUM 29.66% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

Glovista Investments Jersey City, New Jersey $215M AUM 10.51% 1-Year Est. Return

Synovus Financial Columbus, Georgia $8.74B AUM 12.78% 1-Year Est. Return

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

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

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Gateway Advisory's IFEU Position: Q1 2016 in Review

Gateway Advisory sold out of iShares Europe Developed Real Estate ETF (IFEU) in Q1 2016, closing a stake of 110,600 shares — an estimated $4.16M sold.

Gateway Advisory first reported a position in IFEU in Q1 2014 and held it in 8 quarters. The position peaked at $4.82M in Q1 2015. 26 funds tracked by Wall St. Rank hold IFEU as of Q1 2016.

Gateway Advisory reported no remaining iShares Europe Developed Real Estate ETF position as of Q1 2016 after selling out during the quarter.
Gateway Advisory sold 110,600 iShares Europe Developed Real Estate ETF shares in Q1 2016, an estimated $4.16M.
Gateway Advisory first reported a position in iShares Europe Developed Real Estate ETF in Q1 2014 and held it in 8 quarters.
Gateway Advisory's iShares Europe Developed Real Estate ETF position peaked at $4.82M in Q1 2015.
26 funds tracked by Wall St. Rank held iShares Europe Developed Real Estate ETF as of Q1 2016.

Based on Gateway Advisory's 13F filing for Q1 2016, filed 10 May 2016.