Pinnacle Advisory Group’s State Street SPDR S&P Insurance ETF KIE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-20,652	Closed	-$571K	–	200
2016 Q4	$571K	Sell	20,652 -1,812	-8%	-$47.5K	0.04%	100
2016 Q3	$568K	Buy	22,464 +6	+0%	+$146	0.05%	63
2016 Q2	$532K	Sell	22,458 -786	-3%	-$18.5K	0.04%	64
2016 Q1	$536K	Sell	23,244 -9,618	-29%	-$211K	0.05%	55
2015 Q4	$761K	Hold	32,862	–	–	0.07%	43
2015 Q3	$739K	Buy	32,862 +20,652	+169%	+$479K	0.08%	40
2015 Q2	$277K	Sell	12,210 -23,097	-65%	-$526K	0.03%	79
2015 Q1	$789K	Sell	35,307 -5,220	-13%	-$115K	0.07%	59
2014 Q4	$900K	Sell	40,527 -405	-1%	-$8.77K	0.08%	57
2014 Q3	$859K	Sell	40,932 -6,966	-15%	-$148K	0.11%	40
2014 Q2	$1.02M	Sell	47,898 -9,396	-16%	-$196K	0.12%	41
2014 Q1	$1.18M	Sell	57,294 -1,814,922	-97%	-$36.8M	0.12%	38
2013 Q4	$39.4M	Sell	1,872,216 -99,135	-5%	-$2M	4.66%	6
2013 Q3	$37.3M	Sell	1,971,351 -413,481	-17%	-$7.74M	4.36%	8
2013 Q2	$42.9M	Buy	+2,384,832	New	+$42.3M	5.7%	8