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ARROW ETF TR
ARROW ETF TR. Institutional holdings reported to the SEC.

Institutional Holders (2015Q1)
Portfolio Summary: 40 Institutional holders with a total value of $78,798,686.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 AVIANCE CAPITAL MANAGEMENT, LLC 1,238,112 30,037,000 38.12%
2 MORGAN STANLEY 626,627 15,202,000 19.29%
3 WELLS FARGO & COMPANY/MN 425,008 10,311,000 13.09%
4 RAYMOND JAMES & ASSOCIATES 122,902 2,982,000 3.78%
5 Sigma Planning Corp 86,070 2,088,000 2.65%
6 Jacobus Wealth Management, Inc. 81,132 1,968,000 2.50%
7 BANK OF AMERICA CORP /DE/ 73,814 1,791,000 2.27%
8 Cetera Advisor Networks LLC 56,010 1,358,000 1.72%
9 Commonwealth Equity Services, Inc 54,657 1,326,000 1.68%
10 Prospera Financial Services Inc 43,457 1,054,000 1.34%
11 Janney Montgomery Scott LLC 42,291 1,026,000 1.30%
12 STIFEL FINANCIAL CORP 42,030 1,020,000 1.29%
13 JANE STREET GROUP, LLC 41,057 996,000 1.26%
14 SMITH, MOORE & CO. 38,648 938,000 1.19%
15 ROYAL BANK OF CANADA 36,805 892,000 1.13%
16 AMERICAN INTERNATIONAL GROUP, INC. 35,931 871,686 1.11%
17 LPL Financial LLC 32,890 804,000 1.02%
18 BALDWIN WEALTH PARTNERS LLC/MA 29,322 711,000 0.90%
19 First Allied Advisory Services, Inc. 27,297 661,000 0.84%
20 OPPENHEIMER & CO INC 18,820 457,000 0.58%
21 LifePlan Financial Group, Inc 15,363 373,000 0.47%
22 Cetera Advisors LLC 14,260 344,000 0.44%
23 JPMORGAN CHASE & CO 12,755 309,000 0.39%
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 10,694 259,000 0.33%
25 SII INVESTMENTS INC/WI 10,418 254,000 0.32%
26 Virtu KCG Holdings LLC 9,634 234,000 0.30%
27 LADENBURG THALMANN FINANCIAL SERVICES INC. 8,021 195,000 0.25%
28 MSI Financial Services Inc 5,681 138,000 0.18%
29 MANAGED ACCOUNT ADVISORS LLC 3,548 86,000 0.11%
30 WFG Advisors, LP 1,340 33,000 0.04%
31 CITIGROUP INC 1,041 25,000 0.03%
32 UBS Group AG 757 18,000 0.02%
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 500 12,000 0.02%
34 Regal Investment Advisors LLC 392 10,000 0.01%
35 Ironwood Financial, llc 195 5,000 0.01%
36 US BANCORP \DE\ 200 5,000 0.01%
37 GUPTA WEALTH MANAGEMENT LLC 162 4,000 0.01%
38 Tower Research Capital LLC (TRC) 21 1,000 0.00%
39 Avior Wealth Management, LLC 0 0 0.00%
40 Parallax Volatility Advisers, L.P. 1 0 0.00%

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.