Salem Investment Counselors’s iShares Frontier and Select EM ETF FM Stock Holding History

Salem Investment Counselors’s Portfolio FM Stock Details FM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-13,685	Closed	-$341K	–	272
2015 Q4	$341K	Sell	13,685 -300	-2%	-$7.7K	0.04%	204
2015 Q3	$348K	Buy	13,985 +300	+2%	+$8.15K	0.05%	200
2015 Q2	$401K	Buy	13,685 +2,200	+19%	+$66.9K	0.05%	204
2015 Q1	$342K	Buy	11,485 +1,375	+14%	+$41.5K	0.04%	226
2014 Q4	$311K	Hold	10,110	–	–	0.04%	228
2014 Q3	$383K	Hold	10,110	–	–	0.05%	212
2014 Q2	$365K	Hold	10,110	–	–	0.04%	224
2014 Q1	$366K	Sell	10,110 -150	-1%	-$5.18K	0.05%	225
2013 Q4	$346K	Buy	10,260 +2,000	+24%	+$65.2K	0.05%	216
2013 Q3	$260K	Sell	8,260 -450	-5%	-$14K	0.04%	239
2013 Q2	$256K	Buy	+8,710	New	+$266K	0.04%	236

Other funds holding FM

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

BOTW

Bank of the West Monterey Park, California $851M AUM 15.39% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $374B AUM 17.66% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

BWA

Burt Wealth Advisors North Bethesda, Maryland $407M AUM 11.98% 1-Year Est. Return

SCM

Stonehearth Capital Management Danvers, Massachusetts $293M AUM 32.48% 1-Year Est. Return

BlackRock Japan Tokyo, Japan $30.3B AUM 13.85% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

UCFA

United Capital Financial Advisors Irving, Texas $16.3B AUM 16.34% 1-Year Est. Return

Salem Investment Counselors's FM Position: Q1 2016 in Review

Salem Investment Counselors sold out of iShares Frontier and Select EM ETF (FM) in Q1 2016, closing a stake of 13,685 shares — an estimated $341K sold.

Salem Investment Counselors first reported a position in FM in Q2 2013 and held it in 11 quarters. The position peaked at $401K in Q2 2015. 93 funds tracked by Wall St. Rank hold FM as of Q1 2016.

Salem Investment Counselors reported no remaining iShares Frontier and Select EM ETF position as of Q1 2016 after selling out during the quarter.
Salem Investment Counselors sold 13,685 iShares Frontier and Select EM ETF shares in Q1 2016, an estimated $341K.
Salem Investment Counselors first reported a position in iShares Frontier and Select EM ETF in Q2 2013 and held it in 11 quarters.
Salem Investment Counselors's iShares Frontier and Select EM ETF position peaked at $401K in Q2 2015.
93 funds tracked by Wall St. Rank held iShares Frontier and Select EM ETF as of Q1 2016.

Based on Salem Investment Counselors's 13F filing for Q1 2016, filed 13 May 2016.