Salem Investment Counselors’s iShares US Regional Banks ETF IAT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q2	–	Sell	-10,150	Closed	-$449K	–	686
2017 Q1	$449K	Sell	10,150 -20	-0.2%	-$885	0.05%	191
2016 Q4	$462K	Buy	+10,170	New	+$462K	0.05%	179