HighTower Advisors LLC Raises Holdings in AltShares Merger Arbitrage ETF (NYSEARCA:ARB)

HighTower Advisors LLC increased its holdings in AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,524 shares of the company’s stock after purchasing an additional 1,276 shares during the quarter. HighTower Advisors LLC owned 3.62% of AltShares Merger Arbitrage ETF worth $2,602,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ARB. Cantor Fitzgerald Investment Advisors L.P. raised its holdings in AltShares Merger Arbitrage ETF by 3.6% in the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 557,948 shares of the company’s stock worth $15,360,000 after purchasing an additional 19,366 shares during the period. Columbus Macro LLC raised its holdings in AltShares Merger Arbitrage ETF by 77.4% in the 4th quarter. Columbus Macro LLC now owns 25,145 shares of the company’s stock worth $692,000 after purchasing an additional 10,972 shares during the period. Atria Wealth Solutions Inc. acquired a new position in AltShares Merger Arbitrage ETF in the 4th quarter worth about $233,000. Orion Portfolio Solutions LLC raised its holdings in AltShares Merger Arbitrage ETF by 3.0% in 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 during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in AltShares Merger Arbitrage ETF by 37.4% in 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 during the period.

AltShares Merger Arbitrage ETF Stock Performance

NYSEARCA ARB opened at $28.15 on Friday. The stock has a market capitalization of $80.51 million, a price-to-earnings ratio of 17.48 and a beta of 0.09. AltShares Merger Arbitrage ETF has a twelve month low of $25.81 and a twelve month high of $28.49. The stock has a 50-day moving average of $28.02 and a 200 day moving average of $27.86.

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.