Newgate Capital Management’s iShares National Muni Bond ETF MUB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-4,064	Closed	-$442K	–	108
2014 Q2	$442K	Sell	4,064 -696	-15%	-$75.7K	0.12%	101
2014 Q1	$510K	Sell	4,760 -2,274	-32%	-$244K	0.11%	102
2013 Q4	$730K	Buy	7,034 +4,441	+171%	+$461K	0.14%	98
2013 Q3	$271K	Buy	+2,593	New	+$271K	0.05%	115