Salem Investment Counselors’s SPDR S&P Oil & Gas Equipment & Services ETF XES Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-1,924	Closed	-$484K	–	277
2015 Q1	$484K	Buy	+1,924	New	+$484K	0.06%	198