FIRST MERCHANTS CORP

Ticker: FRME CUSIP: 320817109 Class: COM

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

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

Q2 2025

Shares 4,767 Value ($000) $183 Avg Close $36.08 Range $32.21 - $39.15

Q1 2025

Shares 4,767 Value ($000) $193 Avg Close $40.25 Range $35.90 - $43.98

Q4 2024

Shares 4,767 Value ($000) $190 Avg Close $38.77 Range $33.60 - $44.12

Q3 2024

Shares 4,767 Value ($000) $177 Avg Close $35.16 Range $30.58 - $40.22

Q2 2024

Shares 4,767 Value ($000) $159 Avg Close $31.40 Range $28.94 - $33.99

Q1 2024

Shares 4,767 Value ($000) $166 Avg Close $31.96 Range $30.07 - $35.11

Q4 2023

Shares 9,506 Value ($000) $352 Avg Close $28.54 Range $23.58 - $35.39

Q3 2023

Shares 19,350 Value ($000) $538 Avg Close $27.26 Range $24.70 - $29.80

Q2 2023

Shares 19,350 Value ($000) $546 Avg Close $25.52 Range $21.95 - $29.76

Q1 2023

Shares 19,350 Value ($000) $638 Avg Close $35.28 Range $28.79 - $39.06

Q3 2020

Shares 368 Value ($000) $9 Avg Close $20.66 Range $17.92 - $23.56

Q2 2020

Shares 460 Value ($000) $13 Avg Close $21.90 Range $17.31 - $26.55

Q4 2019

Shares 503 Value ($000) $21 Avg Close $32.25 Range $29.02 - $34.47

Q3 2018

Shares 42,222 Value ($000) $1,900 Avg Close $37.27 Range $35.16 - $39.45

Q2 2018

Shares 42,222 Value ($000) $1,959 Avg Close $34.96 Range $31.66 - $38.47

Q1 2018

Shares 42,222 Value ($000) $1,761 Avg Close $33.20 Range $31.09 - $34.82

Q4 2017

Shares 42,222 Value ($000) $1,776 Avg Close $33.01 Range $29.02 - $35.20

Q3 2017

Shares 42,222 Value ($000) $1,813 Avg Close $30.64 Range $28.63 - $33.44

Q2 2017

Shares 42,222 Value ($000) $1,695 Avg Close $30.90 Range $28.32 - $33.41

Q4 2016

Shares 19,036 Value ($000) $717 Avg Close $24.15 Range $19.60 - $28.97

Q3 2016

Shares 19,036 Value ($000) $509 Avg Close $19.98 Range $18.03 - $20.70

Q2 2016

Shares 18,663 Value ($000) $465 Avg Close $18.70 Range $16.99 - $20.04

Q1 2016

Shares 17,803 Value ($000) $420 Avg Close $17.09 Range $15.76 - $18.88

Q4 2015

Shares 18,154 Value ($000) $461 Avg Close $19.62 Range $18.41 - $20.54

Q3 2015

Shares 20,153 Value ($000) $528 Avg Close $19.18 Range $18.23 - $19.83

Q2 2015

Shares 21,315 Value ($000) $526 Avg Close $17.41 Range $16.29 - $18.80

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2025	4,767	$183	$36.08	$32.21 - $39.15
Q1 2025	4,767	$193	$40.25	$35.90 - $43.98
Q4 2024	4,767	$190	$38.77	$33.60 - $44.12
Q3 2024	4,767	$177	$35.16	$30.58 - $40.22
Q2 2024	4,767	$159	$31.40	$28.94 - $33.99
Q1 2024	4,767	$166	$31.96	$30.07 - $35.11
Q4 2023	9,506	$352	$28.54	$23.58 - $35.39
Q3 2023	19,350	$538	$27.26	$24.70 - $29.80
Q2 2023	19,350	$546	$25.52	$21.95 - $29.76
Q1 2023	19,350	$638	$35.28	$28.79 - $39.06
Q3 2020	368	$9	$20.66	$17.92 - $23.56
Q2 2020	460	$13	$21.90	$17.31 - $26.55
Q4 2019	503	$21	$32.25	$29.02 - $34.47
Q3 2018	42,222	$1,900	$37.27	$35.16 - $39.45
Q2 2018	42,222	$1,959	$34.96	$31.66 - $38.47
Q1 2018	42,222	$1,761	$33.20	$31.09 - $34.82
Q4 2017	42,222	$1,776	$33.01	$29.02 - $35.20
Q3 2017	42,222	$1,813	$30.64	$28.63 - $33.44
Q2 2017	42,222	$1,695	$30.90	$28.32 - $33.41
Q4 2016	19,036	$717	$24.15	$19.60 - $28.97
Q3 2016	19,036	$509	$19.98	$18.03 - $20.70
Q2 2016	18,663	$465	$18.70	$16.99 - $20.04
Q1 2016	17,803	$420	$17.09	$15.76 - $18.88
Q4 2015	18,154	$461	$19.62	$18.41 - $20.54
Q3 2015	20,153	$528	$19.18	$18.23 - $19.83
Q2 2015	21,315	$526	$17.41	$16.29 - $18.80