POWERSHARES ETF TR II

CUSIP: 73936T474 Class: INSUR NATL MUN

ASHFORD CAPITAL MANAGEMENT INC's Holding History (CIK: 0000897070)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016
Shares 70,926 Value ($000) $1,765 Avg Close — Range —
Q3 2016
Shares 97,165 Value ($000) $2,530 Avg Close — Range —
Q2 2016
Shares 93,776 Value ($000) $2,489 Avg Close — Range —
Q1 2016
Shares 81,411 Value ($000) $2,096 Avg Close — Range —
Q4 2015
Shares 36,884 Value ($000) $939 Avg Close — Range —
Q3 2015
Shares 23,750 Value ($000) $594 Avg Close — Range —
Q2 2015
Shares 43,846 Value ($000) $1,084 Avg Close — Range —
Q1 2015
Shares 345,288 Value ($000) $8,815 Avg Close — Range —
Q4 2014
Shares 432,084 Value ($000) $10,979 Avg Close — Range —
Q3 2014
Shares 203,299 Value ($000) $5,107 Avg Close — Range —
Q2 2014
Shares 192,982 Value ($000) $4,763 Avg Close — Range —
Q1 2014
Shares 310,222 Value ($000) $7,483 Avg Close — Range —
Q4 2013
Shares 41,014 Value ($000) $942 Avg Close — Range —
Q3 2013
Shares 134,513 Value ($000) $3,103 Avg Close — Range —
Q2 2013
Shares 384,370 Value ($000) $9,190 Avg Close — Range —