Pictet North America Advisors’s iShares MSCI Spain ETF EWP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-8,100	Closed	-$347K	–	51
2014 Q2	$347K	Sell	8,100 -502,713	-98%	-$21.5M	0.09%	33
2014 Q1	$20.8M	Sell	510,813 -15,526	-3%	-$633K	5.68%	7
2013 Q4	$20.3M	Buy	+526,339	New	+$20.3M	4.56%	11