AltShares Merger Arbitrage ETF (NYSEARCA:ARB) Shares Bought by Atria Investments Inc

Atria Investments Inc raised its position in AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,045 shares of the company’s stock after buying an additional 1,461 shares during the quarter. Atria Investments Inc owned approximately 1.15% of AltShares Merger Arbitrage ETF worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Harbour Investments Inc. increased its position in AltShares Merger Arbitrage ETF by 0.6% in the 2nd quarter. Harbour Investments Inc. now owns 77,196 shares of the company’s stock valued at $2,078,000 after acquiring an additional 492 shares during the period. Diversify Advisory Services LLC increased its holdings in shares of AltShares Merger Arbitrage ETF by 2.0% in the second quarter. Diversify Advisory Services LLC now owns 60,787 shares of the company’s stock valued at $1,643,000 after purchasing an additional 1,211 shares during the period. Cantor Fitzgerald Investment Advisors L.P. raised its stake in shares of AltShares Merger Arbitrage ETF by 0.7% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 445,539 shares of the company’s stock worth $11,994,000 after purchasing an additional 3,154 shares during the last quarter. PFG Advisors raised its stake in shares of AltShares Merger Arbitrage ETF by 28.8% during the second quarter. PFG Advisors now owns 29,734 shares of the company’s stock worth $800,000 after purchasing an additional 6,655 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of AltShares Merger Arbitrage ETF during the second quarter worth $227,000.

AltShares Merger Arbitrage ETF Stock Performance

Shares of ARB opened at $27.80 on Tuesday. The stock has a market capitalization of $72.55 million, a P/E ratio of 17.48 and a beta of 0.08. AltShares Merger Arbitrage ETF has a 1 year low of $25.81 and a 1 year high of $28.30. The company’s fifty day moving average is $27.85 and its two-hundred day moving average is $27.38.

AltShares Merger Arbitrage ETF Company 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.