BRAEMAR HOTELS & RESORTS INC

Ticker: BHR CUSIP: 10482B101 Class: Common Stock

Virtus ETF Advisers LLC's Holding History (CIK: 0001587281)

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

Q4 2019

Shares 373,412 Value ($000) $3,335 Avg Close — Range —

Q3 2019

Shares 285,658 Value ($000) $2,682 Avg Close — Range —

Q2 2019

Shares 208,858 Value ($000) $2,068 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	373,412	$3,335	—	—
Q3 2019	285,658	$2,682	—	—
Q2 2019	208,858	$2,068	—	—