AEROVIRONMENT INC

Ticker: AVAV CUSIP: 008073108 Class: COM

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

Note: Option positions (PUT/CALL) are excluded.

Q1 2020

Shares 6,690 Value ($000) $408 Avg Close $62.53 Range $45.00 - $72.70

Q4 2019

Shares 6,600 Value ($000) $407 Avg Close $59.92 Range $51.35 - $68.35

Q3 2019

Shares 6,420 Value ($000) $344 Avg Close $54.88 Range $48.61 - $63.96

Q2 2019

Shares 6,370 Value ($000) $362 Avg Close $65.84 Range $54.61 - $71.24

Q1 2019

Shares 7,290 Value ($000) $499 Avg Close $75.41 Range $65.67 - $95.38

Q4 2018

Shares 7,210 Value ($000) $490 Avg Close $87.59 Range $63.01 - $113.63

Q2 2018

Shares 14,350 Value ($000) $1,025 Avg Close $56.88 Range $44.68 - $73.63

Q1 2018

Shares 19,030 Value ($000) $866 Avg Close $50.02 Range $41.60 - $56.93

Q4 2017

Shares 18,530 Value ($000) $1,041 Avg Close $50.90 Range $41.53 - $58.99

Q3 2017

Shares 7,990 Value ($000) $432 Avg Close $42.57 Range $36.71 - $54.70

Q2 2017

Shares 4,850 Value ($000) $185 Avg Close $30.26 Range $26.93 - $38.60

Q1 2017

Shares 4,700 Value ($000) $132 Avg Close $26.70 Range $24.70 - $29.92

Q4 2016

Shares 4,700 Value ($000) $126 Avg Close $25.93 Range $22.16 - $29.42

Q3 2016

Shares 4,550 Value ($000) $111 Avg Close $26.88 Range $23.03 - $30.08

Q2 2016

Shares 4,480 Value ($000) $125 Avg Close $28.95 Range $26.02 - $32.44

Q1 2016

Shares 4,360 Value ($000) $123 Avg Close $26.09 Range $23.13 - $29.04

Q4 2015

Shares 4,190 Value ($000) $123 Avg Close $24.54 Range $19.83 - $30.65

Q3 2015

Shares 3,980 Value ($000) $80 Avg Close $24.35 Range $19.10 - $29.22

Q2 2015

Shares 3,820 Value ($000) $100 Avg Close $26.38 Range $25.01 - $27.50

Q1 2015

Shares 3,800 Value ($000) $101 Avg Close $26.39 Range $24.73 - $28.92

Q4 2014

Shares 5,100 Value ($000) $139 Avg Close $28.60 Range $26.04 - $30.96

Q3 2014

Shares 5,100 Value ($000) $153 Avg Close $31.85 Range $29.14 - $36.45

Q2 2014

Shares 4,800 Value ($000) $153 Avg Close $33.88 Range $30.20 - $41.67

Q1 2014

Shares 4,800 Value ($000) $193 Avg Close $32.58 Range $27.34 - $41.45

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	6,690	$408	$62.53	$45.00 - $72.70
Q4 2019	6,600	$407	$59.92	$51.35 - $68.35
Q3 2019	6,420	$344	$54.88	$48.61 - $63.96
Q2 2019	6,370	$362	$65.84	$54.61 - $71.24
Q1 2019	7,290	$499	$75.41	$65.67 - $95.38
Q4 2018	7,210	$490	$87.59	$63.01 - $113.63
Q2 2018	14,350	$1,025	$56.88	$44.68 - $73.63
Q1 2018	19,030	$866	$50.02	$41.60 - $56.93
Q4 2017	18,530	$1,041	$50.90	$41.53 - $58.99
Q3 2017	7,990	$432	$42.57	$36.71 - $54.70
Q2 2017	4,850	$185	$30.26	$26.93 - $38.60
Q1 2017	4,700	$132	$26.70	$24.70 - $29.92
Q4 2016	4,700	$126	$25.93	$22.16 - $29.42
Q3 2016	4,550	$111	$26.88	$23.03 - $30.08
Q2 2016	4,480	$125	$28.95	$26.02 - $32.44
Q1 2016	4,360	$123	$26.09	$23.13 - $29.04
Q4 2015	4,190	$123	$24.54	$19.83 - $30.65
Q3 2015	3,980	$80	$24.35	$19.10 - $29.22
Q2 2015	3,820	$100	$26.38	$25.01 - $27.50
Q1 2015	3,800	$101	$26.39	$24.73 - $28.92
Q4 2014	5,100	$139	$28.60	$26.04 - $30.96
Q3 2014	5,100	$153	$31.85	$29.14 - $36.45
Q2 2014	4,800	$153	$33.88	$30.20 - $41.67
Q1 2014	4,800	$193	$32.58	$27.34 - $41.45