Niemann Capital Management’s Invesco S&P SmallCap Utilities & Communication Services ETF PSCU Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-481,798	Closed	-$23.8M	–	23
2016 Q2	$23.8M	Buy	481,798 +33,479	+7%	+$1.65M	17.93%	1
2016 Q1	$20.2M	Buy	448,319 +185,328	+70%	+$8.33M	18.66%	1
2015 Q4	$10.8M	Buy	+262,991	New	+$10.8M	13.69%	4