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Institutional Investment Manager
INVESTMENT PARTNERS, LTD.
INVESTMENT PARTNERS, LTD. (CIK: 0001050068) incorporated in Ohio, located at 419 W High Ave, New Philadelphia, OH. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 112 holdings with a total value of $102,348,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 ISHARES RUSSELL 2000 VALUE ETF 29,139 3,466,000 3.39%
2 ISHARES TR 15,299 3,442,000 3.36%
3 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 30,239 3,272,000 3.20%
4 ISHARES TR 17,768 2,938,000 2.87%
5 SPDR SER TR 33,695 2,883,000 2.82%
6 ISHARES TR 43,109 2,489,000 2.43%
7 ISHARES TR 21,380 2,395,000 2.34%
8 VANGUARD TAX-MANAGED FDS 63,069 2,305,000 2.25%
9 ISHARES TR 21,521 2,258,000 2.21%
10 VANGUARD INDEX FDS 27,364 2,258,000 2.21%
11 ISHARES TR 26,149 2,103,000 2.05%
12 SELECT SECTOR SPDR TR 42,726 2,075,000 2.03%
13 JOHNSON & JOHNSON 16,962 1,954,000 1.91%
14 MICROSOFT CORP 31,432 1,953,000 1.91%
15 ALPS ETF TR 154,800 1,950,000 1.91%
16 ISHARES INC 39,854 1,692,000 1.65%
17 VERIZON COMMUNICATIONS INC 30,254 1,615,000 1.58%
18 SPDR SER TR 37,695 1,581,000 1.54%
19 ISHARES TR 15,536 1,575,000 1.54%
20 DISNEY WALT CO 14,242 1,484,000 1.45%
21 ISHARES RUSSELL 2000 GROWTH ETF 9,340 1,438,000 1.41%
22 FARMERS NATIONAL BANC CORP 100,671 1,430,000 1.40%
23 ISHARES TR 11,594 1,412,000 1.38%
24 PFIZER INC 42,290 1,374,000 1.34%
25 COCA COLA CO 32,790 1,359,000 1.33%
26 GENERAL ELECTRIC CO 42,460 1,342,000 1.31%
27 JPMORGAN CHASE & CO 15,260 1,317,000 1.29%
28 PROCTER AND GAMBLE CO 15,257 1,283,000 1.25%
29 AMERICAN ELEC P 20,285 1,277,000 1.25%
30 HOME DEPOT INC 9,359 1,255,000 1.23%
31 AUTOMATIC DATA PROCESSING IN 11,501 1,182,000 1.15%
32 BRISTOL MYERS SQUIBB CO 20,076 1,173,000 1.15%
33 VANGUARD INTL EQUITY INDEX F 32,311 1,156,000 1.13%
34 VISA INC 14,225 1,110,000 1.08%
35 BOEING CO 7,122 1,109,000 1.08%
36 ISHARES TR 11,096 1,081,000 1.06%
37 ISHARES TR 25,850 1,074,000 1.05%
38 ISHARES TR 10,169 1,067,000 1.04%
39 MERCK & CO INC 17,425 1,026,000 1.00%
40 ISHARES TR 12,124 997,000 0.97%
41 ISHARES TR 7,391 997,000 0.97%
42 SPDR S&P 500 ETF TR 4,280 957,000 0.94%
43 AT&T INC 22,232 946,000 0.92%
44 POWERSHARES ETF TRUST 22,062 927,000 0.91%
45 EXXON MOBIL CORP 9,959 899,000 0.88%
46 SPDR INDEX SHS FDS 18,390 862,000 0.84%
47 POWERSHARES N/C 6/4/18 46138E354 19,633 816,000 0.80%
48 DOW CHEM CO 13,716 785,000 0.77%
49 LOCKHEED MARTIN CORP 3,094 773,000 0.76%
50 CHEVRON CORP NEW 6,456 760,000 0.74%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-17-000334, filed 2017.02.08).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.