MERCER INTL INC

Ticker: MERC CUSIP: 588056101 Class: COM

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

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

Q4 2019

Shares 281,223 Value ($000) $3,459 Avg Close $9.93 Range $8.58 - $10.72

Q3 2019

Shares 187,554 Value ($000) $2,352 Avg Close $10.15 Range $8.50 - $12.72

Q2 2019

Shares 183,452 Value ($000) $2,838 Avg Close $11.98 Range $10.81 - $14.12

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	281,223	$3,459	$9.93	$8.58 - $10.72
Q3 2019	187,554	$2,352	$10.15	$8.50 - $12.72
Q2 2019	183,452	$2,838	$11.98	$10.81 - $14.12