BLACK HILLS CORP

Ticker: BKH CUSIP: 092113109 Class: COM

Cambridge Investment Research Advisors, Inc.'s Holding History (CIK: 0001419186)

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

Q4 2025

Shares 49,795 Value ($000) $3 Avg Close $66.47 Range $58.20 - $73.32

Q3 2025

Shares 48,328 Value ($000) $3 Avg Close $57.38 Range $54.13 - $60.96

Q2 2025

Shares 45,082 Value ($000) $3 Avg Close $56.47 Range $52.67 - $59.65

Q1 2025

Shares 46,708 Value ($000) $3 Avg Close $56.47 Range $52.15 - $59.45

Q4 2024

Shares 46,115 Value ($000) $3 Avg Close $57.33 Range $53.67 - $62.19

Q3 2024

Shares 50,262 Value ($000) $3 Avg Close $54.39 Range $49.37 - $58.14

Q2 2024

Shares 51,960 Value ($000) $3 Avg Close $50.26 Range $46.53 - $53.93

Q1 2024

Shares 51,396 Value ($000) $3 Avg Close $47.73 Range $44.68 - $50.77

Q4 2023

Shares 46,140 Value ($000) $2 Avg Close $46.16 Range $41.54 - $51.76

Q3 2023

Shares 40,887 Value ($000) $2 Avg Close $50.50 Range $44.92 - $54.81

Q2 2023

Shares 40,079 Value ($000) $2 Avg Close $55.83 Range $52.26 - $58.57

Q1 2023

Shares 36,734 Value ($000) $2 Avg Close $57.47 Range $51.53 - $64.19

Q4 2022

Shares 33,365 Value ($000) $2 Avg Close $58.05 Range $50.78 - $62.96

Q3 2022

Shares 32,713 Value ($000) $2,216 Avg Close $64.21 Range $58.14 - $68.58

Q2 2022

Shares 32,093 Value ($000) $2,335 Avg Close $63.81 Range $56.66 - $68.52

Q1 2022

Shares 37,755 Value ($000) $2,908 Avg Close $58.63 Range $54.02 - $65.73

Q4 2021

Shares 37,304 Value ($000) $2,633 Avg Close $55.40 Range $51.95 - $59.51

Q3 2021

Shares 43,463 Value ($000) $2,728 Avg Close $56.46 Range $51.50 - $60.51

Q2 2021

Shares 42,255 Value ($000) $2,773 Avg Close $55.86 Range $53.24 - $58.36

Q1 2021

Shares 3,172 Value ($000) $212 Avg Close $50.63 Range $47.19 - $55.19

Q4 2020

Shares 3,447 Value ($000) $212 Avg Close $48.27 Range $42.45 - $52.98

Q1 2020

Shares 3,134 Value ($000) $201 Avg Close $59.44 Range $37.90 - $68.25

Q4 2019

Shares 3,483 Value ($000) $274 Avg Close $60.15 Range $57.52 - $62.11

Q3 2019

Shares 2,897 Value ($000) $222 Avg Close $60.34 Range $54.21 - $62.80

Q3 2017

Shares 6,438 Value ($000) $443 Avg Close $50.60 Range $48.73 - $51.89

Q2 2017

Shares 5,736 Value ($000) $387 Avg Close $49.84 Range $47.18 - $52.32

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	49,795	$3	$66.47	$58.20 - $73.32
Q3 2025	48,328	$3	$57.38	$54.13 - $60.96
Q2 2025	45,082	$3	$56.47	$52.67 - $59.65
Q1 2025	46,708	$3	$56.47	$52.15 - $59.45
Q4 2024	46,115	$3	$57.33	$53.67 - $62.19
Q3 2024	50,262	$3	$54.39	$49.37 - $58.14
Q2 2024	51,960	$3	$50.26	$46.53 - $53.93
Q1 2024	51,396	$3	$47.73	$44.68 - $50.77
Q4 2023	46,140	$2	$46.16	$41.54 - $51.76
Q3 2023	40,887	$2	$50.50	$44.92 - $54.81
Q2 2023	40,079	$2	$55.83	$52.26 - $58.57
Q1 2023	36,734	$2	$57.47	$51.53 - $64.19
Q4 2022	33,365	$2	$58.05	$50.78 - $62.96
Q3 2022	32,713	$2,216	$64.21	$58.14 - $68.58
Q2 2022	32,093	$2,335	$63.81	$56.66 - $68.52
Q1 2022	37,755	$2,908	$58.63	$54.02 - $65.73
Q4 2021	37,304	$2,633	$55.40	$51.95 - $59.51
Q3 2021	43,463	$2,728	$56.46	$51.50 - $60.51
Q2 2021	42,255	$2,773	$55.86	$53.24 - $58.36
Q1 2021	3,172	$212	$50.63	$47.19 - $55.19
Q4 2020	3,447	$212	$48.27	$42.45 - $52.98
Q1 2020	3,134	$201	$59.44	$37.90 - $68.25
Q4 2019	3,483	$274	$60.15	$57.52 - $62.11
Q3 2019	2,897	$222	$60.34	$54.21 - $62.80
Q3 2017	6,438	$443	$50.60	$48.73 - $51.89
Q2 2017	5,736	$387	$49.84	$47.18 - $52.32