Columbus Macro LLC Raises Stake in AltShares Merger Arbitrage ETF $ARB

Columbus Macro LLC raised its position in AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,847 shares of the company’s stock after acquiring an additional 1,230 shares during the quarter. Columbus Macro LLC owned approximately 0.80% of AltShares Merger Arbitrage ETF worth $708,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its stake in AltShares Merger Arbitrage ETF by 7.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,384 shares of the company’s stock worth $406,000 after acquiring an additional 938 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in AltShares Merger Arbitrage ETF by 8.7% in the first quarter. Envestnet Asset Management Inc. now owns 243,034 shares of the company’s stock worth $6,863,000 after acquiring an additional 19,521 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in AltShares Merger Arbitrage ETF by 158.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 38,732 shares of the company’s stock worth $1,094,000 after acquiring an additional 23,722 shares during the last quarter. Cetera Investment Advisers lifted its stake in AltShares Merger Arbitrage ETF by 19.1% in the first quarter. Cetera Investment Advisers now owns 41,658 shares of the company’s stock worth $1,176,000 after acquiring an additional 6,694 shares during the last quarter. Finally, PFG Advisors lifted its stake in AltShares Merger Arbitrage ETF by 18.2% in the first quarter. PFG Advisors now owns 58,503 shares of the company’s stock worth $1,652,000 after acquiring an additional 9,020 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

AltShares Merger Arbitrage ETF Stock Down 0.2%

Shares of AltShares Merger Arbitrage ETF stock opened at $29.00 on Friday. AltShares Merger Arbitrage ETF has a 52-week low of $27.27 and a 52-week high of $30.26. The company has a 50 day moving average of $28.93 and a 200 day moving average of $28.53. The company has a market capitalization of $89.61 million, a P/E ratio of 14.87 and a beta of 0.07.

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.