Independence Trust’s Petrobras Class A PBR.A Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q4	$197K	Sell	20,000 -10,000	-33%	-$98.5K	0.22%	75
2017 Q3	$290K	Sell	30,000 -10,000	-25%	-$96.7K	0.33%	53
2017 Q2	$298K	Hold	40,000	–	–	0.35%	52
2017 Q1	$369K	Sell	40,000 -11,650	-23%	-$107K	0.47%	43
2016 Q4	$455K	Buy	+51,650	New	+$455K	0.62%	31