Virtus Fund Advisers’s AvalonBay Communities AVB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	$82K	Hold	457	–	–	﹤0.01%	521
2017 Q3	$82K	Hold	457	–	–	﹤0.01%	405
2017 Q2	$87K	Hold	457	–	–	﹤0.01%	439
2017 Q1	$85K	Hold	457	–	–	﹤0.01%	442
2016 Q4	$82K	Hold	457	–	–	﹤0.01%	439
2016 Q3	$82K	Sell	457 -197	-30%	-$35.4K	﹤0.01%	445
2016 Q2	$119K	Hold	654	–	–	﹤0.01%	410
2016 Q1	$125K	Hold	654	–	–	﹤0.01%	416
2015 Q4	$121K	Sell	654 -189,550	-100%	-$33.9M	﹤0.01%	405
2015 Q3	$33.5M	Sell	190,204 -36,875	-16%	-$6.25M	0.29%	124
2015 Q2	$36.3M	Buy	227,079 +226,425	+34,622%	+$37.7M	0.27%	125
2015 Q1	$114K	Sell	654 -151	-19%	-$26.1K	﹤0.01%	488
2014 Q4	$132K	Hold	805	–	–	﹤0.01%	494
2014 Q3	$113K	Sell	805 -1,069	-57%	-$159K	﹤0.01%	557
2014 Q2	$266K	Buy	+1,874	New	+$259K	﹤0.01%	883