MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

Winch Advisory Services, LLC's Holding History (CIK: 0001585822)

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

Q1 2018

Shares 1,820 Value ($000) $98 Avg Close $43.68 Range $39.53 - $46.93

Q4 2017

Shares 1,819 Value ($000) $95 Avg Close $39.73 Range $37.31 - $42.69

Q3 2017

Shares 1,534 Value ($000) $75 Avg Close $36.26 Range $34.33 - $38.29

Q2 2017

Shares 6,095 Value ($000) $272 Avg Close $33.54 Range $31.40 - $35.81

Q1 2017

Shares 8,750 Value ($000) $375 Avg Close $34.36 Range $31.06 - $36.70

Q4 2016

Shares 1,879 Value ($000) $79 Avg Close $29.14 Range $23.75 - $33.99

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	1,820	$98	$43.68	$39.53 - $46.93
Q4 2017	1,819	$95	$39.73	$37.31 - $42.69
Q3 2017	1,534	$75	$36.26	$34.33 - $38.29
Q2 2017	6,095	$272	$33.54	$31.40 - $35.81
Q1 2017	8,750	$375	$34.36	$31.06 - $36.70
Q4 2016	1,879	$79	$29.14	$23.75 - $33.99