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

Columbus Macro LLC increased its stake in AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 77.4% in the 4th quarter, Holdings Channel reports. The firm owned 25,145 shares of the company’s stock after purchasing an additional 10,972 shares during the period. Columbus Macro LLC’s holdings in AltShares Merger Arbitrage ETF were worth $692,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Atria Investments Inc lifted its stake in shares of AltShares Merger Arbitrage ETF by 5.1% in the third quarter. Atria Investments Inc now owns 30,045 shares of the company’s stock worth $833,000 after buying an additional 1,461 shares during the last quarter. Legend Financial Advisors Inc. lifted its position in 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 last quarter. HighTower Advisors LLC lifted its position in AltShares Merger Arbitrage ETF by 1.8% during the 3rd quarter. HighTower Advisors LLC now owns 93,248 shares of the company’s stock worth $2,570,000 after acquiring an additional 1,666 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of AltShares Merger Arbitrage ETF in the third quarter valued at about $303,000. Finally, Orion Portfolio Solutions LLC increased its stake in shares of AltShares Merger Arbitrage ETF by 3.0% in the third quarter. Orion Portfolio Solutions LLC now owns 171,919 shares of the company’s stock worth $4,766,000 after purchasing an additional 4,982 shares during the period.

AltShares Merger Arbitrage ETF Stock Performance

NYSEARCA ARB opened at $27.93 on Wednesday. The stock has a market capitalization of $72.90 million, a PE ratio of 17.48 and a beta of 0.08. The stock 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 twelve month low of $25.81 and a twelve month high of $28.30.

AltShares Merger Arbitrage ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 18th were given a $0.3092 dividend. 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.