Dynamic Advisor Solutions LLC Increases Stock Holdings in AltShares Merger Arbitrage ETF (NYSEARCA:ARB)

Dynamic Advisor Solutions LLC raised its stake in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 37.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,010 shares of the company’s stock after purchasing an additional 4,084 shares during the quarter. Dynamic Advisor Solutions LLC owned approximately 0.58% of AltShares Merger Arbitrage ETF worth $413,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ARB. Cantor Fitzgerald Investment Advisors L.P. boosted its stake in shares of AltShares Merger Arbitrage ETF by 20.9% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 538,582 shares of the company’s stock valued at $14,929,000 after purchasing an additional 93,043 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in AltShares Merger Arbitrage ETF by 3.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 171,919 shares of the company’s stock valued at $4,766,000 after acquiring an additional 4,982 shares in the last quarter. Legend Financial Advisors Inc. grew its holdings in shares of AltShares Merger Arbitrage ETF by 2.0% during the 4th quarter. Legend Financial Advisors Inc. now owns 160,666 shares of the company’s stock worth $4,423,000 after acquiring an additional 3,214 shares during the period. Harbour Investments Inc. raised its position in shares of AltShares Merger Arbitrage ETF by 28.9% in the 3rd quarter. Harbour Investments Inc. now owns 99,492 shares of the company’s stock worth $2,758,000 after acquiring an additional 22,296 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of AltShares Merger Arbitrage ETF by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 93,248 shares of the company’s stock valued at $2,570,000 after purchasing an additional 1,666 shares during the period.

AltShares Merger Arbitrage ETF Stock Up 0.0 %

Shares of ARB stock opened at $27.93 on Tuesday. The business’s fifty day moving average is $27.74 and its 200 day moving average is $27.68. The stock has a market cap of $72.90 million, a price-to-earnings ratio of 17.48 and a beta of 0.08. AltShares Merger Arbitrage ETF has a twelve month low of $25.81 and a twelve month high of $28.30.

AltShares Merger Arbitrage ETF Announces Dividend

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