# EDGAR Filing Document

**Accession Number:** 0001378410
**File Stem:** 0001085146-23-001339
**Filing Date:** 2023-2
**Character Count:** 10698
**Document Hash:** aa5fa83612855e58e9e4bc29e1c95538
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-001339.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001085146-23-001339

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Arrow Investment Advisors, LLC
- **CENTRAL INDEX KEY:** 0001378410
- **IRS NUMBER:** 203403013

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13552
- **FILM NUMBER:** 23629742

**BUSINESS ADDRESS:**
- **STREET 1:** 6100 CHEVY CHASE DR
- **STREET 2:** SUITE 100
- **CITY:** LAUREL
- **STATE:** MD
- **ZIP:** 20707
- **BUSINESS PHONE:** 301-260-2934

**MAIL ADDRESS:**
- **STREET 1:** 6100 CHEVY CHASE DR
- **STREET 2:** SUITE 100
- **CITY:** LAUREL
- **STATE:** MD
- **ZIP:** 20707

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Arrow Investment Advisors LLC
- **DATE OF NAME CHANGE:** 20061017

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Arrow Investment Advisors LLC<br>**Address:** 6100 Chevy Chase Dr<br>Suite 100<br>LAUREL, MD 20707

**Form 13F File Number:** 028-13552

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Christopher Lewis<br>**Title:** Chief Compliance Officer<br>**Phone:** 301-260-1001

**Signature, Place, and Date of Signing:**

/s/Christopher Lewis  Laurel, MD  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 69

**Form 13F Information Table Value Total:** $142216765

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 |  | 210400 | 1431 | SH |  | SOLE |  | 1431 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 512935 | 17835 | SH |  | SOLE |  | 17835 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 207319 | 19214 | SH |  | SOLE |  | 19214 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 419404 | 4517 | SH |  | SOLE |  | 4517 | 0 | 0 |
| ARROW INVTS TR | DWA TACT INTL | 042765685 |  | 5971492 | 213966 | SH |  | SOLE |  | 213966 | 0 | 0 |
| ARROW INVTS TR | RESV CAP ETF | 042765719 |  | 43051741 | 432203 | SH |  | SOLE |  | 432203 | 0 | 0 |
| ARROW INVTS TR | RVRSE CAP500 ETF | 042765677 |  | 9938023 | 478277 | SH |  | SOLE |  | 478277 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 261875 | 2094 | SH |  | SOLE |  | 2094 | 0 | 0 |
| BLACK STONE MINERALS L P | COM UNIT | 09225M101 |  | 196299 | 11636 | SH |  | SOLE |  | 11636 | 0 | 0 |
| BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 |  | 154586 | 25136 | SH |  | SOLE |  | 25136 | 0 | 0 |
| CARNIVAL CORP | COMMON STOCK | 143658300 |  | 102660 | 12737 | SH |  | SOLE |  | 12737 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 234389 | 3139 | SH |  | SOLE |  | 3139 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 426616 | 995 | SH |  | SOLE |  | 995 | 0 | 0 |
| DISH NETWORK CORPORATION | CL A | 25470M109 |  | 246556 | 17561 | SH |  | SOLE |  | 17561 | 0 | 0 |
| DORCHESTER MINERALS LP | COM UNIT | 25820R105 |  | 213820 | 7144 | SH |  | SOLE |  | 7144 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 197078 | 16603 | SH |  | SOLE |  | 16603 | 0 | 0 |
| ENLINK MIDSTREAM LLC | COM UNIT REP LTD | 29336T100 |  | 246996 | 20081 | SH |  | SOLE |  | 20081 | 0 | 0 |
| EVEREST RE GROUP LTD | COM | G3223R108 |  | 513468 | 1550 | SH |  | SOLE |  | 1550 | 0 | 0 |
| FRANKLIN STR PPTYS CORP | COM | 35471R106 |  | 178116 | 65244 | SH |  | SOLE |  | 65244 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 206655 | 2053 | SH |  | SOLE |  | 2053 | 0 | 0 |
| GENESIS ENERGY L P | UNIT LTD PARTN | 371927104 |  | 192009 | 18806 | SH |  | SOLE |  | 18806 | 0 | 0 |
| GETTY RLTY CORP NEW | COM | 374297109 |  | 223884 | 6614 | SH |  | SOLE |  | 6614 | 0 | 0 |
| GLOBAL NET LEASE INC | COM NEW | 379378201 |  | 190913 | 15188 | SH |  | SOLE |  | 15188 | 0 | 0 |
| GLOBAL PARTNERS LP | COM UNITS | 37946R109 |  | 236540 | 6803 | SH |  | SOLE |  | 6803 | 0 | 0 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 |  | 200419 | 2643 | SH |  | SOLE |  | 2643 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 212933 | 2666 | SH |  | SOLE |  | 2666 | 0 | 0 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 208034 | 6953 | SH |  | SOLE |  | 6953 | 0 | 0 |
| HOLLY ENERGY PARTNERS L P | COM UT LTD PTN | 435763107 |  | 194138 | 10714 | SH |  | SOLE |  | 10714 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 273047 | 1566 | SH |  | SOLE |  | 1566 | 0 | 0 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 353951 | 23948 | SH |  | SOLE |  | 23948 | 0 | 0 |
| INVESCO DB COMMDY INDX TRCK | UNIT | 46138B103 |  | 13940019 | 565518 | SH |  | SOLE |  | 565518 | 0 | 0 |
| INVESCO DB MULTI-SECTOR COMM | ENERGY FD | 46140H304 |  | 393347 | 17351 | SH |  | SOLE |  | 17351 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | HIG YLD EQ DIV | 46137V563 |  | 6351809 | 306999 | SH |  | SOLE |  | 306999 | 0 | 0 |
| ISHARES INC | MSCI TURKEY ETF | 464286715 |  | 1708512 | 46176 | SH |  | SOLE |  | 46176 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 1850323 | 18585 | SH |  | SOLE |  | 18585 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 1523552 | 20692 | SH |  | SOLE |  | 20692 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 3252410 | 30849 | SH |  | SOLE |  | 30849 | 0 | 0 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 1562377 | 18470 | SH |  | SOLE |  | 18470 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 894780 | 21437 | SH |  | SOLE |  | 21437 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 6230196 | 51660 | SH |  | SOLE |  | 51660 | 0 | 0 |
| JPMORGAN CHASE  CO | ALERIAN ML ETN | 46625H365 |  | 1817517 | 83564 | SH |  | SOLE |  | 83564 | 0 | 0 |
| KIMBELL RTY PARTNERS LP | UNIT | 49435R102 |  | 176886 | 10592 | SH |  | SOLE |  | 10592 | 0 | 0 |
| KNOT OFFSHORE PARTNERS LP | COM UNITS | Y48125101 |  | 114809 | 11922 | SH |  | SOLE |  | 11922 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 409779 | 9192 | SH |  | SOLE |  | 9192 | 0 | 0 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 244224 | 7950 | SH |  | SOLE |  | 7950 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 215349 | 4032 | SH |  | SOLE |  | 4032 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 320696 | 61436 | SH |  | SOLE |  | 61436 | 0 | 0 |
| NEWELL BRANDS INC | COM | 651229106 |  | 195127 | 14918 | SH |  | SOLE |  | 14918 | 0 | 0 |
| NEWS CORP NEW | CL B | 65249B208 |  | 318293 | 17261 | SH |  | SOLE |  | 17261 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 |  | 137394 | 11225 | SH |  | SOLE |  | 11225 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 434446 | 3296 | SH |  | SOLE |  | 3296 | 0 | 0 |
| NUSTAR ENERGY LP | UNIT COM | 67058H102 |  | 212016 | 13251 | SH |  | SOLE |  | 13251 | 0 | 0 |
| OFFICE PPTYS INCOME TR | COM SHS BEN INT | 67623C109 |  | 155835 | 11673 | SH |  | SOLE |  | 11673 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 248024 | 874 | SH |  | SOLE |  | 874 | 0 | 0 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 194028 | 16499 | SH |  | SOLE |  | 16499 | 0 | 0 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 197274 | 15858 | SH |  | SOLE |  | 15858 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 472958 | 3319 | SH |  | SOLE |  | 3319 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 248007 | 2347 | SH |  | SOLE |  | 2347 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 9526970 | 108917 | SH |  | SOLE |  | 108917 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 6767798 | 90782 | SH |  | SOLE |  | 90782 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 6751609 | 49699 | SH |  | SOLE |  | 49699 | 0 | 0 |
| SPDR SER TR | BBG CONV SEC ETF | 78464A359 |  | 1450738 | 22548 | SH |  | SOLE |  | 22548 | 0 | 0 |
| STAR BULK CARRIERS CORP. | SHS PAR | Y8162K204 |  | 213338 | 11094 | SH |  | SOLE |  | 11094 | 0 | 0 |
| SUBURBAN PROPANE PARTNERS L | UNIT LTD PARTN | 864482104 |  | 167830 | 11056 | SH |  | SOLE |  | 11056 | 0 | 0 |
| THE NECESSITY RETAIL REIT IN | COM CLASS A | 02607T109 |  | 165821 | 27963 | SH |  | SOLE |  | 27963 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 207921 | 585 | SH |  | SOLE |  | 585 | 0 | 0 |
| USA COMPRESSION PARTNERS LP | COMUNIT LTDPAR | 90290N109 |  | 205221 | 10508 | SH |  | SOLE |  | 10508 | 0 | 0 |
| VORNADO RLTY TR | SH BEN INT | 929042109 |  | 247681 | 11902 | SH |  | SOLE |  | 11902 | 0 | 0 |
| WISDOMTREE TR | US TOTAL DIVIDND | 97717W109 |  | 6915555 | 114024 | SH |  | SOLE |  | 114024 | 0 | 0 |

---