AltShares Merger Arbitrage ETF (NYSEARCA:ARB) Holdings Boosted by PFG Advisors

PFG Advisors boosted its position in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 10.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,483 shares of the company’s stock after purchasing an additional 4,698 shares during the period. PFG Advisors owned 1.90% of AltShares Merger Arbitrage ETF worth $1,362,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARB. Atria Investments Inc grew its position in AltShares Merger Arbitrage ETF by 5.1% during the 3rd quarter. Atria Investments Inc now owns 30,045 shares of the company’s stock worth $833,000 after purchasing an additional 1,461 shares in the last quarter. HighTower Advisors LLC grew its position in AltShares Merger Arbitrage ETF by 1.8% during the 3rd quarter. HighTower Advisors LLC now owns 93,248 shares of the company’s stock worth $2,570,000 after purchasing an additional 1,666 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in AltShares Merger Arbitrage ETF by 3.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 171,919 shares of the company’s stock worth $4,766,000 after purchasing an additional 4,982 shares in the last quarter. Legend Financial Advisors Inc. grew its position in AltShares Merger Arbitrage ETF by 2.0% during the 4th quarter. Legend Financial Advisors Inc. now owns 160,666 shares of the company’s stock worth $4,423,000 after purchasing an additional 3,214 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its position in AltShares Merger Arbitrage ETF by 37.4% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 15,010 shares of the company’s stock worth $413,000 after purchasing an additional 4,084 shares in the last quarter.

AltShares Merger Arbitrage ETF Stock Up 0.1 %

Shares of NYSEARCA:ARB opened at $28.14 on Friday. The firm has a fifty day moving average of $27.97 and a two-hundred day moving average of $27.84. The firm has a market capitalization of $80.20 million, a P/E ratio of 17.48 and a beta of 0.09. AltShares Merger Arbitrage ETF has a 12-month low of $25.81 and a 12-month high of $28.49.

AltShares Merger Arbitrage ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.3092 per share. The ex-dividend date of this dividend was Wednesday, December 18th.

AltShares Merger Arbitrage ETF Profile

The AltShares Merger Arbitrage ETF (ARB) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund tracks a global USD-hedged index that uses a merger arbitrage strategy by providing long exposure to takeover targets and short exposure the acquiring company. ARB was launched on May 7, 2020 and is managed by Altshares.