VANECK ETF TRUST

Ticker: ANGL CUSIP: 92189F437 Class: ETF

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

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

Q4 2019
Shares 12,603 Value ($000) $376 Avg Close — Range —
Q2 2019
Shares 56,962 Value ($000) $1,669 Avg Close — Range —
Q1 2019
Shares 97,863 Value ($000) $2,814 Avg Close — Range —
Q3 2018
Shares 34,046 Value ($000) $990 Avg Close — Range —
Q4 2017
Shares 102,151 Value ($000) $3,059 Avg Close — Range —
Q3 2017
Shares 267,742 Value ($000) $8,115 Avg Close — Range —
Q2 2017
Shares 164,205 Value ($000) $4,867 Avg Close — Range —
Q1 2017
Shares 139,205 Value ($000) $4,115 Avg Close — Range —
Q4 2016
Shares 93,364 Value ($000) $2,687 Avg Close — Range —