Sigma Investment Management’s Vanguard FTSE Emerging Markets ETF VWO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-240,381	Closed	-$9.89M	–	31
2013 Q4	$9.89M	Buy	+240,381	New	+$9.89M	6.59%	6