PROSHARES TR

Ticker: SMDV CUSIP: 74347B698 Class: RUSS 2000 DIVD

Kovack Advisors, Inc.'s Holding History (CIK: 0001728321)

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

Q3 2016

Shares 7,627 Value ($000) $364 Avg Close — Range —

Q2 2016

Shares 8,062 Value ($000) $379 Avg Close — Range —

Q1 2016

Shares 5,031 Value ($000) $219 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	7,627	$364	—	—
Q2 2016	8,062	$379	—	—
Q1 2016	5,031	$219	—	—