Kestrel Investment Management’s iShares Russell 2000 Value ETF IWN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-3,290	Closed	-$327K	–	56
2013 Q4	$327K	Sell	3,290 -3,210	-49%	-$319K	0.04%	50
2013 Q3	$596K	Buy	+6,500	New	+$596K	0.06%	52