SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

MERCER GLOBAL ADVISORS INC /ADV's Holding History (CIK: 0000853758)

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

Q2 2025

Shares 50,722 Value ($000) $693 Avg Close $12.69 Range $10.07 - $14.46

Q1 2025

Shares 50,658 Value ($000) $637 Avg Close $11.76 Range $9.77 - $13.61

Q4 2024

Shares 50,601 Value ($000) $638 Avg Close $13.44 Range $12.01 - $16.28

Q3 2024

Shares 50,676 Value ($000) $700 Avg Close $16.52 Range $13.51 - $21.89

Q2 2024

Shares 101,288 Value ($000) $1,654 Avg Close $16.11 Range $11.87 - $19.32

Q1 2024

Shares 50,658 Value ($000) $1 Avg Close $19.38 Range $16.95 - $22.27

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2025	50,722	$693	$12.69	$10.07 - $14.46
Q1 2025	50,658	$637	$11.76	$9.77 - $13.61
Q4 2024	50,601	$638	$13.44	$12.01 - $16.28
Q3 2024	50,676	$700	$16.52	$13.51 - $21.89
Q2 2024	101,288	$1,654	$16.11	$11.87 - $19.32
Q1 2024	50,658	$1	$19.38	$16.95 - $22.27