ARROW FINL CORP

Ticker: AROW CUSIP: 042744102 Class: Common Stock

ProShare Advisors LLC's Holding History (CIK: 0001357955)

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

Q1 2014

Shares 10,759 Value ($000) $284 Avg Close $14.37 Range $13.56 - $15.35

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	10,759	$284	$14.37	$13.56 - $15.35