Cantor Fitzgerald Investment Advisors L.P. Increases Holdings in AltShares Merger Arbitrage ETF (NYSEARCA:ARB)

Cantor Fitzgerald Investment Advisors L.P. lifted its stake in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 557,948 shares of the company’s stock after acquiring an additional 19,366 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P. owned approximately 21.38% of AltShares Merger Arbitrage ETF worth $15,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbour Investments Inc. boosted its position in AltShares Merger Arbitrage ETF by 28.9% during the 3rd quarter. Harbour Investments Inc. now owns 99,492 shares of the company’s stock valued at $2,758,000 after acquiring an additional 22,296 shares in the last quarter. Columbus Macro LLC boosted its position in AltShares Merger Arbitrage ETF by 77.4% during the fourth quarter. Columbus Macro LLC now owns 25,145 shares of the company’s stock valued at $692,000 after purchasing an additional 10,972 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in AltShares Merger Arbitrage ETF in the third quarter valued at about $303,000. Orion Portfolio Solutions LLC raised its holdings in AltShares Merger Arbitrage ETF by 3.0% in the third 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 in the last quarter. Finally, Legend Financial Advisors Inc. lifted its position in shares of AltShares Merger Arbitrage ETF by 2.0% during the fourth quarter. Legend Financial Advisors Inc. now owns 160,666 shares of the company’s stock valued at $4,423,000 after buying an additional 3,214 shares during the last quarter.

AltShares Merger Arbitrage ETF Stock Up 0.1 %

Shares of AltShares Merger Arbitrage ETF stock opened at $27.95 on Friday. AltShares Merger Arbitrage ETF has a 52-week low of $25.81 and a 52-week high of $28.30. The firm’s 50 day moving average price is $27.75 and its 200-day moving average price is $27.72. The company has a market cap of $72.95 million, a P/E ratio of 17.48 and a beta of 0.08.

AltShares Merger Arbitrage ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, December 18th were issued a dividend of $0.3092 per share. The ex-dividend date was Wednesday, December 18th.

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.