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

Institutional Holders (2015Q4)
Portfolio Summary: 35 Institutional holders with a total value of $21,339,000.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 MORGAN STANLEY 291,990 5,010,000 23.48%
2 WELLS FARGO & COMPANY/MN 191,126 3,279,000 15.37%
3 RAYMOND JAMES & ASSOCIATES 110,849 1,902,000 8.91%
4 BANK OF AMERICA CORP /DE/ 64,795 1,112,000 5.21%
5 LPL Financial LLC 54,427 935,000 4.38%
6 Prospera Financial Services Inc 48,325 829,000 3.88%
7 JANE STREET GROUP, LLC 45,977 789,000 3.70%
8 Cambridge Investment Research Advisors, Inc. 42,626 731,000 3.43%
9 STIFEL FINANCIAL CORP 40,274 691,000 3.24%
10 ROYAL BANK OF CANADA 33,721 579,000 2.71%
11 Virtu KCG Holdings LLC 32,465 557,000 2.61%
12 LifePlan Financial Group, Inc 31,942 548,000 2.57%
13 Commonwealth Equity Services, Inc 28,463 488,000 2.29%
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 25,057 430,000 2.02%
15 INVESTMENT CENTERS OF AMERICA INC 23,826 410,000 1.92%
16 AMERICAN INTERNATIONAL GROUP, INC. 21,543 371,000 1.74%
17 Janney Montgomery Scott LLC 19,680 338,000 1.58%
18 First Allied Advisory Services, Inc. 17,922 309,000 1.45%
19 ENVESTNET ASSET MANAGEMENT INC 16,158 277,000 1.30%
20 CITADEL ADVISORS LLC 14,377 247,000 1.16%
21 TWO SIGMA SECURITIES, LLC 14,103 242,000 1.13%
22 JPMORGAN CHASE & CO 12,829 220,000 1.03%
23 IFP ADVISORS, INC 12,662 217,000 1.02%
24 Cetera Advisors LLC 12,671 216,000 1.01%
25 MSI Financial Services Inc 11,499 197,000 0.92%
26 Stratos Wealth Partners, LTD. 10,598 182,000 0.85%
27 LADENBURG THALMANN FINANCIAL SERVICES INC. 6,003 103,000 0.48%
28 UBS Group AG 2,287 39,000 0.18%
29 Tower Research Capital LLC (TRC) 2,004 34,000 0.16%
30 WFG Advisors, LP 1,340 23,000 0.11%
31 KRILOGY FINANCIAL LLC 1,243 21,000 0.10%
32 Alexandria Capital, LLC 300 5,000 0.02%
33 BANK OF MONTREAL /CAN/ 260 4,000 0.02%
34 US BANCORP \DE\ 236 4,000 0.02%
35 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.