Kovack Advisors’s Xtrackers MSCI Emerging Markets Hedged Equity ETF DBEM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-12,651	Closed	-$231K	–	231
2015 Q4	$231K	Sell	12,651 -619	-5%	-$11.3K	0.15%	167
2015 Q3	$248K	Buy	13,270 +622	+5%	+$11.6K	0.17%	154
2015 Q2	$270K	Buy	12,648 +3,243	+34%	+$69.2K	0.19%	144
2015 Q1	$208K	Buy	+9,405	New	+$208K	0.18%	147