MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

Goelzer Investment Management, Inc.'s Holding History (CIK: 0001550057)

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

Q4 2025

Shares 4,925 Value ($000) $874 Avg Close $166.47 Range $150.92 - $182.34

Q3 2025

Shares 1,920 Value ($000) $305 Avg Close $146.45 Range $133.51 - $162.99

Q2 2025

Shares 2,069 Value ($000) $291 Avg Close $120.96 Range $92.37 - $140.07

Q1 2025

Shares 1,764 Value ($000) $206 Avg Close $125.91 Range $106.95 - $139.08

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,925	$874	$166.47	$150.92 - $182.34
Q3 2025	1,920	$305	$146.45	$133.51 - $162.99
Q2 2025	2,069	$291	$120.96	$92.37 - $140.07
Q1 2025	1,764	$206	$125.91	$106.95 - $139.08