Atria Investments Inc Purchases 1,461 Shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB)

Atria Investments Inc raised its holdings in AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 5.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 30,045 shares of the company’s stock after purchasing an additional 1,461 shares during the period. Atria Investments Inc’s holdings in AltShares Merger Arbitrage ETF were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisors L.P. boosted its position 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 acquiring an additional 93,043 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in AltShares Merger Arbitrage ETF by 48.6% during the second quarter. New York Life Investment Management LLC now owns 302,946 shares of the company’s stock valued at $8,155,000 after purchasing an additional 99,094 shares in the last quarter. Legend Financial Advisors Inc. grew its stake in shares of AltShares Merger Arbitrage ETF by 5.6% in the 2nd quarter. Legend Financial Advisors Inc. now owns 161,143 shares of the company’s stock valued at $4,338,000 after purchasing an additional 8,500 shares during the period. Harbour Investments Inc. raised its holdings in shares of AltShares Merger Arbitrage ETF by 0.6% in the 2nd quarter. Harbour Investments Inc. now owns 77,196 shares of the company’s stock worth $2,078,000 after buying an additional 492 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its position in shares of AltShares Merger Arbitrage ETF by 3.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 63,026 shares of the company’s stock worth $1,759,000 after buying an additional 2,239 shares during the period.

AltShares Merger Arbitrage ETF Price Performance

Shares of ARB stock opened at $27.80 on Tuesday. The stock’s fifty day simple moving average is $27.85 and its 200 day simple moving average is $27.38. AltShares Merger Arbitrage ETF has a one year low of $25.81 and a one year high of $28.30. The firm has a market cap of $72.55 million, a price-to-earnings ratio of 17.48 and a beta of 0.08.

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.