Noven Financial Group’s iShares Morningstar Value ETF ILCV Stock Holding History

Noven Financial Group’s Portfolio ILCV Stock Details ILCV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-364,530	Closed	-$15.4M	–	38
2014 Q3	$15.4M	Buy	364,530 +15,584	+4%	+$666K	11.23%	3
2014 Q2	$14.8M	Buy	348,946 +8,440	+2%	+$351K	10.64%	5
2014 Q1	$13.9M	Buy	340,506 +35,466	+12%	+$1.41M	10.69%	5
2013 Q4	$12.3M	Buy	+305,040	New	+$11.8M	8.44%	7

Other funds holding ILCV

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Axa Paris, France $91.9M AUM 27.41% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

Raymond James Financial Services Advisors St. Petersburg, Florida $75.1B AUM 31.89% 1-Year Est. Return

SFI

SPC Financial Inc Rockville, Maryland $1.28B AUM 12.6% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

NPC

National Planning Corporation El Segundo, California $726K AUM 14.28% 1-Year Est. Return

Noven Financial Group's ILCV Position: Q4 2014 in Review

Noven Financial Group sold out of iShares Morningstar Value ETF (ILCV) in Q4 2014, closing a stake of 364,530 shares — an estimated $15.4M sold.

Noven Financial Group first reported a position in ILCV in Q4 2013 and held it in 4 quarters. The position peaked at $15.4M in Q3 2014. 45 funds tracked by Wall St. Rank hold ILCV as of Q4 2014.

Noven Financial Group reported no remaining iShares Morningstar Value ETF position as of Q4 2014 after selling out during the quarter.
Noven Financial Group sold 364,530 iShares Morningstar Value ETF shares in Q4 2014, an estimated $15.4M.
Noven Financial Group first reported a position in iShares Morningstar Value ETF in Q4 2013 and held it in 4 quarters.
Noven Financial Group's iShares Morningstar Value ETF position peaked at $15.4M in Q3 2014.
45 funds tracked by Wall St. Rank held iShares Morningstar Value ETF as of Q4 2014.

Based on Noven Financial Group's 13F filing for Q4 2014, filed 13 Feb 2015.