Arrow Investment Advisors’s iShares 3-7 Year Treasury Bond ETF IEI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-181,306	Closed	-$22.8M	–	78
2016 Q1	$22.8M	Buy	+181,306	New	+$22.8M	4.94%	10
2015 Q4	–	Sell	-159,163	Closed	-$19.8M	–	75
2015 Q3	$19.8M	Buy	+159,163	New	+$19.8M	4.88%	10