ARROW FINL CORP

Ticker: AROW CUSIP: 042744102 Class: Common Stock

RAMSEY QUANTITATIVE SYSTEMS's Holding History (CIK: 0001132897)

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

Q4 2018

Shares 330 Value ($000) $11 Avg Close $24.66 Range $21.93 - $26.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	330	$11	$24.66	$21.93 - $26.85