Pinnacle Advisory Group’s iShares US Financial Services ETF IYG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-834,672	Closed	-$25M	–	120
2015 Q4	$25M	Buy	+834,672	New	+$25M	2.25%	16
2015 Q3	–	Sell	-1,099,992	Closed	-$34.5M	–	113
2015 Q2	$34.5M	Buy	+1,099,992	New	+$34.5M	3.36%	11