Arrow Investment Advisors’s iShares MSCI Canada ETF EWC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-148,504	Closed	-$3.82M	–	71
2016 Q3	$3.82M	Buy	+148,504	New	+$3.82M	0.89%	16
2015 Q1	–	Sell	-274,079	Closed	-$7.91M	–	58
2014 Q4	$7.91M	Sell	274,079 -106,921	-28%	-$3.09M	1.51%	19
2014 Q3	$11.7M	Buy	+381,000	New	+$11.7M	2.12%	20