Salem Investment Counselors’s iShares MSCI USA Value Factor ETF VLUE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-293	Closed	-$36.6K	–	1120
2025 Q3	$36.6K	Buy	293 +221	+307%	+$26K	﹤0.01%	656
2025 Q2	$8.15K	Buy	+72	New	+$7.6K	﹤0.01%	882
2023 Q4	–	Sell	-795	Closed	-$72.7K	–	1160
2023 Q3	$72.7K	Hold	795	–	–	﹤0.01%	466
2023 Q2	$74.6K	Buy	+795	New	+$72.4K	﹤0.01%	468
2023 Q1	–	Sell	-1	Closed	-$53	–	1165
2022 Q4	$53	Sell	1 -24	-96%	-$2.2K	﹤0.01%	1079
2022 Q3	$2K	Hold	25	–	–	﹤0.01%	966
2022 Q2	$2K	Sell	25 -58	-70%	-$5.74K	﹤0.01%	997
2022 Q1	$9K	Buy	83 +1	+1%	+$107	﹤0.01%	776
2021 Q4	$9K	Buy	+82	New	+$8.63K	﹤0.01%	849
2021 Q1	–	Sell	-500	Closed	-$43K	–	924
2020 Q4	$43K	Buy	+500	New	+$40.7K	﹤0.01%	468