ISHARES TR

Ticker: IYH CUSIP: 464287762 Class: US HLTHCARE ETF

Arrow Investment Advisors, LLC's Holding History (CIK: 0001378410)

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

Q1 2015
Shares 123,403 Value ($000) $19,044 Avg Close — Range —
Q4 2014
Shares 130,651 Value ($000) $18,831 Avg Close — Range —
Q3 2014
Shares 128,100 Value ($000) $17,210 Avg Close — Range —
Q2 2014
Shares 132,650 Value ($000) $17,007 Avg Close — Range —
Q1 2014
Shares 114,150 Value ($000) $14,044 Avg Close — Range —
Q4 2013
Shares 116,650 Value ($000) $13,597 Avg Close — Range —
Q3 2013
Shares 122,850 Value ($000) $13,135 Avg Close — Range —
Q2 2013
Shares 127,300 Value ($000) $12,755 Avg Close — Range —