Columbus Macro LLC Has $692,000 Position in AltShares Merger Arbitrage ETF (NYSEARCA:ARB)

Columbus Macro LLC boosted its stake in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 77.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,145 shares of the company’s stock after purchasing an additional 10,972 shares during the period. Columbus Macro LLC owned about 0.96% of AltShares Merger Arbitrage ETF worth $692,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ARB. Atria Investments Inc grew its holdings in shares of AltShares Merger Arbitrage ETF by 5.1% during the 3rd quarter. Atria Investments Inc now owns 30,045 shares of the company’s stock valued at $833,000 after acquiring an additional 1,461 shares in the last quarter. Legend Financial Advisors Inc. grew its stake 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 in the last quarter. HighTower Advisors LLC increased its position in AltShares Merger Arbitrage ETF by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 93,248 shares of the company’s stock worth $2,570,000 after purchasing an additional 1,666 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of AltShares Merger Arbitrage ETF during the 3rd quarter worth about $303,000. Finally, Orion Portfolio Solutions LLC lifted 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 valued at $4,766,000 after buying an additional 4,982 shares during the last quarter.

AltShares Merger Arbitrage ETF Stock Performance

Shares of NYSEARCA ARB opened at $27.93 on Wednesday. The business has a 50 day simple moving average of $27.74 and a 200 day simple moving average of $27.71. AltShares Merger Arbitrage ETF has a 52 week low of $25.81 and a 52 week high of $28.30. 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 Dividend Announcement

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

AltShares Merger Arbitrage ETF Company 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.