ARROW FINL CORP

Ticker: AROW CUSIP: 042744102 Class: Common Stock

VICTORY CAPITAL MANAGEMENT INC's Holding History (CIK: 0001040188)

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

Q1 2020

Shares 2,419 Value ($000) $67 Avg Close $25.32 Range $16.04 - $29.11

Q4 2019

Shares 3,863 Value ($000) $146 Avg Close $26.96 Range $24.33 - $29.31

Q3 2019

Shares 2,497 Value ($000) $83 Avg Close $24.53 Range $22.80 - $26.82

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	2,419	$67	$25.32	$16.04 - $29.11
Q4 2019	3,863	$146	$26.96	$24.33 - $29.31
Q3 2019	2,497	$83	$24.53	$22.80 - $26.82