MERCK & CO INC

Ticker: MRK CUSIP: 58933Y105 Class: COM

Arrow Financial Corp's Holding History (CIK: 0000717538)

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

Q4 2025

Shares 6,995 Value ($000) $736 Avg Close $93.24 Range $81.31 - $107.59

Q3 2025

Shares 6,985 Value ($000) $586 Avg Close $81.01 Range $75.27 - $86.24

Q2 2025

Shares 10,217 Value ($000) $809 Avg Close $77.39 Range $71.26 - $87.25

Q1 2025

Shares 9,876 Value ($000) $886 Avg Close $90.12 Range $78.10 - $99.24

Q4 2024

Shares 10,121 Value ($000) $1,007 Avg Close $98.70 Range $90.33 - $109.75

Q3 2024

Shares 10,246 Value ($000) $1,164 Avg Close $112.96 Range $105.16 - $123.40

Q2 2024

Shares 10,281 Value ($000) $1,273 Avg Close $121.72 Range $114.80 - $127.87

Q1 2024

Shares 8,446 Value ($000) $1,114 Avg Close $115.77 Range $102.41 - $125.66

Q4 2023

Shares 8,479 Value ($000) $924 Avg Close $96.81 Range $92.34 - $102.48

Q3 2023

Shares 9,013 Value ($000) $928 Avg Close $99.84 Range $95.67 - $106.04

Q2 2023

Shares 9,076 Value ($000) $1,047 Avg Close $104.47 Range $97.02 - $109.95

Q1 2023

Shares 9,672 Value ($000) $1,029 Avg Close $98.68 Range $92.86 - $105.40

Q4 2022

Shares 9,893 Value ($000) $1 Avg Close $92.80 Range $77.99 - $103.03

Q3 2022

Shares 10,308 Value ($000) $888 Avg Close $80.41 Range $76.51 - $85.75

Q2 2022

Shares 10,308 Value ($000) $940 Avg Close $79.21 Range $72.83 - $86.09

Q1 2022

Shares 10,928 Value ($000) $897 Avg Close $69.85 Range $64.44 - $74.38

Q4 2021

Shares 11,243 Value ($000) $861 Avg Close $69.89 Range $62.63 - $80.06

Q3 2021

Shares 17,333 Value ($000) $1,302 Avg Close $66.14 Range $62.09 - $68.78

Q2 2021

Shares 50,247 Value ($000) $3,908 Avg Close $64.14 Range $59.83 - $67.79

Q1 2021

Shares 59,069 Value ($000) $4,555 Avg Close $63.06 Range $58.39 - $69.69

Q4 2020

Shares 58,571 Value ($000) $4,790 Avg Close $64.85 Range $59.73 - $68.80

Q3 2020

Shares 58,760 Value ($000) $4,874 Avg Close $65.93 Range $60.98 - $70.41

Q2 2020

Shares 59,288 Value ($000) $4,585 Avg Close $62.87 Range $58.07 - $67.36

Q1 2020

Shares 59,638 Value ($000) $4,589 Avg Close $65.09 Range $51.91 - $72.71

Q4 2019

Shares 59,386 Value ($000) $5,401 Avg Close $67.55 Range $62.89 - $73.10

Q3 2019

Shares 62,179 Value ($000) $5,235 Avg Close $65.47 Range $61.22 - $68.01

Q2 2019

Shares 63,760 Value ($000) $5,346 Avg Close $62.14 Range $55.86 - $67.34

Q1 2019

Shares 65,513 Value ($000) $5,448 Avg Close $60.29 Range $55.35 - $64.55

Q4 2018

Shares 66,148 Value ($000) $5,055 Avg Close $56.50 Range $50.42 - $61.17

Q3 2018

Shares 66,143 Value ($000) $4,692 Avg Close $50.65 Range $45.40 - $54.60

Q2 2018

Shares 64,871 Value ($000) $3,939 Avg Close $44.52 Range $39.72 - $47.34

Q1 2018

Shares 71,132 Value ($000) $3,875 Avg Close $42.25 Range $39.59 - $47.54

Q4 2017

Shares 71,981 Value ($000) $4,051 Avg Close $43.00 Range $39.63 - $47.96

Q3 2017

Shares 72,706 Value ($000) $4,655 Avg Close $46.68 Range $44.87 - $49.08

Q2 2017

Shares 73,080 Value ($000) $4,684 Avg Close $46.54 Range $45.06 - $48.72

Q1 2017

Shares 74,776 Value ($000) $4,751 Avg Close $46.06 Range $42.70 - $48.31

Q4 2016

Shares 75,069 Value ($000) $4,418 Avg Close $44.08 Range $41.83 - $46.98

Q3 2016

Shares 75,292 Value ($000) $4,699 Avg Close $43.73 Range $40.74 - $45.59

Q2 2016

Shares 78,402 Value ($000) $4,517 Avg Close $39.48 Range $37.06 - $41.09

Q1 2016

Shares 78,016 Value ($000) $4,127 Avg Close $36.03 Range $33.60 - $37.88

Q4 2015

Shares 77,040 Value ($000) $4,070 Avg Close $36.77 Range $33.58 - $38.73

Q3 2015

Shares 65,850 Value ($000) $3,252 Avg Close $38.40 Range $31.46 - $41.36

Q2 2015

Shares 65,065 Value ($000) $3,704 Avg Close $40.23 Range $38.42 - $42.17

Q1 2015

Shares 61,348 Value ($000) $3,526 Avg Close $40.30 Range $37.94 - $43.13

Q4 2014

Shares 58,292 Value ($000) $3,311 Avg Close $39.35 Range $35.32 - $41.85

Q3 2014

Shares 58,405 Value ($000) $3,463 Avg Close $39.37 Range $37.12 - $41.03

Q2 2014

Shares 56,301 Value ($000) $3,257 Avg Close $37.96 Range $36.06 - $39.67

Q1 2014

Shares 56,071 Value ($000) $3,183 Avg Close $35.76 Range $32.43 - $37.92

Q4 2013

Shares 55,410 Value ($000) $2,773 Avg Close $31.29 Range $29.09 - $32.94

Q3 2013

Shares 68,050 Value ($000) $3,239 Avg Close $30.97 Range $29.74 - $31.75

Q2 2013

Shares 67,116 Value ($000) $3,118 Avg Close $30.02 Range $28.02 - $32.11

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,995	$736	$93.24	$81.31 - $107.59
Q3 2025	6,985	$586	$81.01	$75.27 - $86.24
Q2 2025	10,217	$809	$77.39	$71.26 - $87.25
Q1 2025	9,876	$886	$90.12	$78.10 - $99.24
Q4 2024	10,121	$1,007	$98.70	$90.33 - $109.75
Q3 2024	10,246	$1,164	$112.96	$105.16 - $123.40
Q2 2024	10,281	$1,273	$121.72	$114.80 - $127.87
Q1 2024	8,446	$1,114	$115.77	$102.41 - $125.66
Q4 2023	8,479	$924	$96.81	$92.34 - $102.48
Q3 2023	9,013	$928	$99.84	$95.67 - $106.04
Q2 2023	9,076	$1,047	$104.47	$97.02 - $109.95
Q1 2023	9,672	$1,029	$98.68	$92.86 - $105.40
Q4 2022	9,893	$1	$92.80	$77.99 - $103.03
Q3 2022	10,308	$888	$80.41	$76.51 - $85.75
Q2 2022	10,308	$940	$79.21	$72.83 - $86.09
Q1 2022	10,928	$897	$69.85	$64.44 - $74.38
Q4 2021	11,243	$861	$69.89	$62.63 - $80.06
Q3 2021	17,333	$1,302	$66.14	$62.09 - $68.78
Q2 2021	50,247	$3,908	$64.14	$59.83 - $67.79
Q1 2021	59,069	$4,555	$63.06	$58.39 - $69.69
Q4 2020	58,571	$4,790	$64.85	$59.73 - $68.80
Q3 2020	58,760	$4,874	$65.93	$60.98 - $70.41
Q2 2020	59,288	$4,585	$62.87	$58.07 - $67.36
Q1 2020	59,638	$4,589	$65.09	$51.91 - $72.71
Q4 2019	59,386	$5,401	$67.55	$62.89 - $73.10
Q3 2019	62,179	$5,235	$65.47	$61.22 - $68.01
Q2 2019	63,760	$5,346	$62.14	$55.86 - $67.34
Q1 2019	65,513	$5,448	$60.29	$55.35 - $64.55
Q4 2018	66,148	$5,055	$56.50	$50.42 - $61.17
Q3 2018	66,143	$4,692	$50.65	$45.40 - $54.60
Q2 2018	64,871	$3,939	$44.52	$39.72 - $47.34
Q1 2018	71,132	$3,875	$42.25	$39.59 - $47.54
Q4 2017	71,981	$4,051	$43.00	$39.63 - $47.96
Q3 2017	72,706	$4,655	$46.68	$44.87 - $49.08
Q2 2017	73,080	$4,684	$46.54	$45.06 - $48.72
Q1 2017	74,776	$4,751	$46.06	$42.70 - $48.31
Q4 2016	75,069	$4,418	$44.08	$41.83 - $46.98
Q3 2016	75,292	$4,699	$43.73	$40.74 - $45.59
Q2 2016	78,402	$4,517	$39.48	$37.06 - $41.09
Q1 2016	78,016	$4,127	$36.03	$33.60 - $37.88
Q4 2015	77,040	$4,070	$36.77	$33.58 - $38.73
Q3 2015	65,850	$3,252	$38.40	$31.46 - $41.36
Q2 2015	65,065	$3,704	$40.23	$38.42 - $42.17
Q1 2015	61,348	$3,526	$40.30	$37.94 - $43.13
Q4 2014	58,292	$3,311	$39.35	$35.32 - $41.85
Q3 2014	58,405	$3,463	$39.37	$37.12 - $41.03
Q2 2014	56,301	$3,257	$37.96	$36.06 - $39.67
Q1 2014	56,071	$3,183	$35.76	$32.43 - $37.92
Q4 2013	55,410	$2,773	$31.29	$29.09 - $32.94
Q3 2013	68,050	$3,239	$30.97	$29.74 - $31.75
Q2 2013	67,116	$3,118	$30.02	$28.02 - $32.11