Narwhal Capital Management’s iShares Short-Term National Muni Bond ETF SUB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-4,000	Closed	-$425K	–	140
2013 Q3	$425K	Sell	4,000 -5,000	-56%	-$531K	0.2%	110
2013 Q2	$948K	Buy	+9,000	New	+$948K	0.46%	84