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

Institutional Holders (2015Q2)
Portfolio Summary: 37 Institutional holders with a total value of $80,278,292.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 AVIANCE CAPITAL MANAGEMENT, LLC 1,389,167 31,951,000 39.80%
2 MORGAN STANLEY 625,646 14,390,000 17.93%
3 WELLS FARGO & COMPANY/MN 369,389 8,496,000 10.58%
4 RAYMOND JAMES & ASSOCIATES 133,636 3,074,000 3.83%
5 JANE STREET GROUP, LLC 90,636 2,085,000 2.60%
6 BANK OF AMERICA CORP /DE/ 89,921 2,068,000 2.58%
7 Jacobus Wealth Management, Inc. 84,762 1,950,000 2.43%
8 ROYAL BANK OF CANADA 65,609 1,509,000 1.88%
9 Cetera Advisor Networks LLC 56,010 1,358,000 1.69%
10 Commonwealth Equity Services, Inc 56,796 1,306,000 1.63%
11 SUSQUEHANNA INTERNATIONAL GROUP, LLP 52,389 1,205,000 1.50%
12 Prospera Financial Services Inc 47,071 1,083,000 1.35%
13 Virtu KCG Holdings LLC 45,573 1,048,000 1.31%
14 Janney Montgomery Scott LLC 44,320 1,019,360 1.27%
15 STIFEL FINANCIAL CORP 42,057 967,000 1.20%
16 SMITH, MOORE & CO. 38,654 889,000 1.11%
17 AMERICAN INTERNATIONAL GROUP, INC. 36,084 829,932 1.03%
18 LPL Financial LLC 34,611 779,000 0.97%
19 First Allied Advisory Services, Inc. 25,697 591,000 0.74%
20 Raymond James Financial Services Advisors, Inc. 23,588 543,000 0.68%
21 LifePlan Financial Group, Inc 23,582 542,000 0.68%
22 BB&T SECURITIES, LLC 19,700 453,000 0.56%
23 OPPENHEIMER & CO INC 18,820 433,000 0.54%
24 Cetera Advisors LLC 14,608 340,000 0.42%
25 ENVESTNET ASSET MANAGEMENT INC 14,713 338,000 0.42%
26 JPMORGAN CHASE & CO 13,119 302,000 0.38%
27 SII INVESTMENTS INC/WI 9,005 207,000 0.26%
28 MSI Financial Services Inc 7,700 177,000 0.22%
29 LADENBURG THALMANN FINANCIAL SERVICES INC. 7,516 172,000 0.21%
30 MANAGED ACCOUNT ADVISORS LLC 3,548 82,000 0.10%
31 UBS Group AG 1,980 46,000 0.06%
32 WFG Advisors, LP 1,340 31,000 0.04%
33 US BANCORP \DE\ 200 5,000 0.01%
34 Ironwood Financial, llc 195 4,000 0.00%
35 Brookstone Capital Management 190 4,000 0.00%
36 Gradient Investments LLC 27 1,000 0.00%
37 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.