American Resources Corp (AREC)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Exchange Traded Concepts, Llc	87,459	$216,898	0%
2.	Wealth Enhancement Advisory Services, Llc	21,842	$70,551	0%
3.	Thompson Investment Management, Inc.	27,500	$68,200	0.01%
4.	Beacon Investment Advisory Services, Inc.	15,000	$37,200	0%
5.	Goelzer Investment Management, Inc.	13,522	$33,535	0%