Syntegra Private Wealth Group LLC raised its stake in ProShares Merger ETF (BATS:MRGR – Free Report) by 52.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 32,385 shares of the company’s stock after purchasing an additional 11,206 shares during the quarter. Syntegra Private Wealth Group LLC owned 12.95% of ProShares Merger ETF worth $1,460,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in MRGR. Royal Bank of Canada grew its holdings in shares of ProShares Merger ETF by 5,573.5% in the fourth quarter. Royal Bank of Canada now owns 20,992 shares of the company’s stock worth $934,000 after purchasing an additional 20,622 shares during the last quarter. Creative Planning bought a new stake in ProShares Merger ETF during the 3rd quarter valued at $791,000. Kestra Advisory Services LLC purchased a new stake in ProShares Merger ETF during the 4th quarter valued at $212,000. City Center Advisors LLC bought a new stake in ProShares Merger ETF in the 4th quarter worth $207,000. Finally, Jane Street Group LLC grew its holdings in ProShares Merger ETF by 56.8% in the 1st quarter. Jane Street Group LLC now owns 12,048 shares of the company’s stock worth $503,000 after acquiring an additional 4,362 shares during the last quarter.
ProShares Merger ETF Stock Performance
Shares of BATS:MRGR opened at $45.52 on Friday. The company has a market cap of $11.38 million, a price-to-earnings ratio of 24.24 and a beta of 0.04. The company has a 50-day moving average price of $45.27 and a 200-day moving average price of $45.03. ProShares Merger ETF has a 12 month low of $41.99 and a 12 month high of $46.22.
About ProShares Merger ETF
The ProShares Merger ETF (MRGR) is an exchange-traded fund that is based on the S&P Merger Arbitrage index. The fund tracks an index of developed-market equities involved in merger deals, with long exposure to target firms and short exposure to acquiring firms. The fund is net long and hedges FX risk. MRGR was launched on Dec 11, 2012 and is managed by ProShares.
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