AltShares Merger Arbitrage ETF $ARB Shares Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC increased its position in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 23.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,589 shares of the company’s stock after buying an additional 16,904 shares during the period. Dynamic Advisor Solutions LLC’s holdings in AltShares Merger Arbitrage ETF were worth $2,625,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARB. Assetmark Inc. boosted its position in shares of AltShares Merger Arbitrage ETF by 1,131.1% during the fourth quarter. Assetmark Inc. now owns 267,701 shares of the company’s stock worth $7,782,000 after buying an additional 245,956 shares during the period. Diversify Wealth Management LLC purchased a new position in AltShares Merger Arbitrage ETF in the first quarter valued at about $3,773,000. Raymond James Financial Inc. acquired a new position in AltShares Merger Arbitrage ETF during the second quarter worth about $2,800,000. Advisory Services Network LLC acquired a new position in AltShares Merger Arbitrage ETF in the 2nd quarter valued at about $1,580,000. Finally, Diversify Advisory Services LLC boosted its stake in AltShares Merger Arbitrage ETF by 76.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 110,195 shares of the company’s stock worth $3,175,000 after buying an additional 47,879 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

AltShares Merger Arbitrage ETF Stock Up 0.1%

ARB opened at $29.69 on Friday. The company has a market cap of $102.13 million, a P/E ratio of 15.23 and a beta of 0.05. AltShares Merger Arbitrage ETF has a 52-week low of $28.30 and a 52-week high of $32.48. The company has a 50 day moving average of $29.61 and a two-hundred day moving average of $29.41.

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.