NASDAQ INC

Ticker: NDAQ CUSIP: 631103108 Class: COM

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q1 2020

Shares 15,510 Value ($000) $1,473 Avg Close $32.57 Range $22.06 - $36.83

Q4 2019

Shares 15,510 Value ($000) $1,661 Avg Close $31.21 Range $29.06 - $33.17

Q3 2019

Shares 1,590 Value ($000) $158 Avg Close $30.30 Range $28.36 - $31.95

Q2 2019

Shares 1,590 Value ($000) $153 Avg Close $27.79 Range $26.13 - $29.96

Q1 2019

Shares 1,540 Value ($000) $135 Avg Close $25.70 Range $23.63 - $27.79

Q4 2018

Shares 3,020 Value ($000) $246 Avg Close $25.58 Range $22.68 - $27.84

Q2 2018

Shares 3,020 Value ($000) $276 Avg Close $26.73 Range $25.01 - $28.50

Q1 2018

Shares 23,960 Value ($000) $2,065 Avg Close $23.90 Range $21.51 - $25.65

Q4 2017

Shares 23,960 Value ($000) $1,841 Avg Close $22.22 Range $21.02 - $23.51

Q3 2017

Shares 3,020 Value ($000) $234 Avg Close $21.78 Range $20.29 - $22.97

Q2 2017

Shares 3,640 Value ($000) $260 Avg Close $20.04 Range $19.15 - $21.05

Q1 2017

Shares 3,640 Value ($000) $253 Avg Close $20.15 Range $19.10 - $20.96

Q4 2016

Shares 3,640 Value ($000) $244 Avg Close $19.05 Range $18.21 - $20.06

Q3 2016

Shares 14,920 Value ($000) $1,008 Avg Close $19.86 Range $18.09 - $20.59

Q2 2016

Shares 14,910 Value ($000) $964 Avg Close $18.30 Range $17.45 - $18.99

Q1 2016

Shares 11,010 Value ($000) $731 Avg Close $17.55 Range $15.69 - $19.26

Q4 2015

Shares 11,060 Value ($000) $644 Avg Close $16.16 Range $14.41 - $17.06

Q3 2015

Shares 11,060 Value ($000) $589 Avg Close $14.48 Range $13.44 - $15.38

Q2 2015

Shares 3,500 Value ($000) $171 Avg Close $14.10 Range $13.46 - $14.81

Q1 2015

Shares 3,500 Value ($000) $178 Avg Close $13.63 Range $12.50 - $14.32

Q4 2014

Shares 4,100 Value ($000) $197 Avg Close $12.28 Range $10.69 - $13.87

Q3 2014

Shares 4,100 Value ($000) $174 Avg Close $11.67 Range $10.62 - $12.33

Q2 2014

Shares 3,900 Value ($000) $151 Avg Close $10.13 Range $9.24 - $10.87

Q1 2014

Shares 3,900 Value ($000) $144 Avg Close $10.67 Range $10.00 - $11.35

Q4 2013

Shares 3,900 Value ($000) $155 Avg Close $10.07 Range $8.71 - $11.14

Q3 2013

Shares 3,900 Value ($000) $125 Avg Close $8.76 Range $8.06 - $9.39

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	15,510	$1,473	$32.57	$22.06 - $36.83
Q4 2019	15,510	$1,661	$31.21	$29.06 - $33.17
Q3 2019	1,590	$158	$30.30	$28.36 - $31.95
Q2 2019	1,590	$153	$27.79	$26.13 - $29.96
Q1 2019	1,540	$135	$25.70	$23.63 - $27.79
Q4 2018	3,020	$246	$25.58	$22.68 - $27.84
Q2 2018	3,020	$276	$26.73	$25.01 - $28.50
Q1 2018	23,960	$2,065	$23.90	$21.51 - $25.65
Q4 2017	23,960	$1,841	$22.22	$21.02 - $23.51
Q3 2017	3,020	$234	$21.78	$20.29 - $22.97
Q2 2017	3,640	$260	$20.04	$19.15 - $21.05
Q1 2017	3,640	$253	$20.15	$19.10 - $20.96
Q4 2016	3,640	$244	$19.05	$18.21 - $20.06
Q3 2016	14,920	$1,008	$19.86	$18.09 - $20.59
Q2 2016	14,910	$964	$18.30	$17.45 - $18.99
Q1 2016	11,010	$731	$17.55	$15.69 - $19.26
Q4 2015	11,060	$644	$16.16	$14.41 - $17.06
Q3 2015	11,060	$589	$14.48	$13.44 - $15.38
Q2 2015	3,500	$171	$14.10	$13.46 - $14.81
Q1 2015	3,500	$178	$13.63	$12.50 - $14.32
Q4 2014	4,100	$197	$12.28	$10.69 - $13.87
Q3 2014	4,100	$174	$11.67	$10.62 - $12.33
Q2 2014	3,900	$151	$10.13	$9.24 - $10.87
Q1 2014	3,900	$144	$10.67	$10.00 - $11.35
Q4 2013	3,900	$155	$10.07	$8.71 - $11.14
Q3 2013	3,900	$125	$8.76	$8.06 - $9.39