Spruce Investment Advisors’s SPDR Nuveen ICE Short Term Municipal Bond ETF SHM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-7,604	Closed	-$369K	–	22
2014 Q1	$369K	Sell	7,604 -749,689	-99%	-$36.4M	0.14%	15
2013 Q4	$36.8M	Buy	+757,293	New	+$36.8M	16.84%	3