Spruce Investment Advisors’s iShares 3-7 Year Treasury Bond ETF IEI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-12,784	Closed	-$1.55M	–	19
2013 Q3	$1.55M	Sell	12,784 -111,009	-90%	-$13.5M	1.12%	10
2013 Q2	$14.9M	Buy	+123,793	New	+$14.9M	18.29%	3