ISHARES TR

Ticker: IYM CUSIP: 464287838 Class: Exchange Traded Fund

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

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

Q3 2014
Shares 193,650 Value ($000) $16,667 Avg Close — Range —
Q2 2014
Shares 193,050 Value ($000) $16,894 Avg Close — Range —