AltShares Merger Arbitrage ETF (NYSEARCA:ARB) Shares Purchased by Columbus Macro LLC

Columbus Macro LLC raised its position in AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 3.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,261 shares of the company’s stock after buying an additional 417 shares during the quarter. Columbus Macro LLC owned about 0.51% of AltShares Merger Arbitrage ETF worth $388,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. PFG Advisors grew its position in shares of AltShares Merger Arbitrage ETF by 17.9% in the fourth quarter. PFG Advisors now owns 23,460 shares of the company’s stock valued at $628,000 after purchasing an additional 3,570 shares during the period. New York Life Investment Management LLC boosted its holdings in shares of AltShares Merger Arbitrage ETF by 12.6% in the 4th quarter. New York Life Investment Management LLC now owns 385,861 shares of the company’s stock valued at $10,322,000 after purchasing an additional 43,300 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of AltShares Merger Arbitrage ETF during the 4th quarter valued at $11,996,000.

AltShares Merger Arbitrage ETF Stock Performance

AltShares Merger Arbitrage ETF stock traded down $0.10 during midday trading on Tuesday, reaching $26.72. The stock had a trading volume of 24,856 shares, compared to its average volume of 19,362. The stock has a market capitalization of $69.74 million, a PE ratio of 17.48 and a beta of 0.08. The stock’s 50-day simple moving average is $26.81 and its 200 day simple moving average is $26.84. AltShares Merger Arbitrage ETF has a twelve month low of $24.66 and a twelve month high of $27.24.

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.