AltShares Merger Arbitrage ETF (NYSEARCA:ARB) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC lowered its position in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 62,225 shares of the company’s stock after selling 801 shares during the quarter. Diversify Advisory Services LLC owned about 2.38% of AltShares Merger Arbitrage ETF worth $1,727,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ARB. Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in AltShares Merger Arbitrage ETF by 20.9% during the third 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. Harbour Investments Inc. lifted its position in AltShares Merger Arbitrage ETF by 28.9% during the third quarter. Harbour Investments Inc. now owns 99,492 shares of the company’s stock worth $2,758,000 after buying an additional 22,296 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of AltShares Merger Arbitrage ETF during the 3rd quarter valued at about $303,000. Orion Portfolio Solutions LLC increased its holdings in shares of 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 worth $4,766,000 after buying an additional 4,982 shares during the last quarter. Finally, Legend Financial Advisors Inc. raised its position in AltShares Merger Arbitrage ETF by 2.0% in the fourth quarter. Legend Financial Advisors Inc. now owns 160,666 shares of the company’s stock valued at $4,423,000 after purchasing an additional 3,214 shares during the period.

AltShares Merger Arbitrage ETF Trading Up 0.0 %

ARB stock opened at $27.84 on Tuesday. The company has a market capitalization of $72.66 million, a P/E ratio of 17.48 and a beta of 0.08. The business has a 50 day simple moving average of $27.73 and a 200-day simple moving average of $27.65. 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 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 of this dividend was Wednesday, December 18th.

About AltShares Merger Arbitrage ETF

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.