Merit Investment Management’s Invesco Mortgage Capital IVR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-18,132	Closed	-$2.8M	–	40
2013 Q3	$2.8M	Hold	18,132	–	–	3.37%	15
2013 Q2	$3M	Buy	+18,132	New	+$3M	2.72%	15