AltShares Merger Arbitrage ETF (NYSEARCA:ARB) Shares Purchased by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. lifted its stake in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 557,948 shares of the company’s stock after purchasing an additional 19,366 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P. owned about 0.21% of AltShares Merger Arbitrage ETF worth $15,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Dynamic Advisor Solutions LLC acquired a new stake in shares of AltShares Merger Arbitrage ETF in the third quarter valued at approximately $303,000. Diversify Advisory Services LLC increased its position in AltShares Merger Arbitrage ETF by 3.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 63,026 shares of the company’s stock valued at $1,759,000 after acquiring an additional 2,239 shares during the period. Atria Investments Inc increased its position in AltShares Merger Arbitrage ETF by 5.1% in 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 during the period. Harbour Investments Inc. raised its stake in AltShares Merger Arbitrage ETF by 28.9% during the 3rd quarter. Harbour Investments Inc. now owns 99,492 shares of the company’s stock valued at $2,758,000 after acquiring an additional 22,296 shares in the last quarter. Finally, HighTower Advisors LLC boosted 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 period.

AltShares Merger Arbitrage ETF Stock Performance

Shares of ARB opened at $27.95 on Friday. The firm has a market capitalization of $72.95 million, a price-to-earnings ratio of 17.48 and a beta of 0.08. The stock’s fifty day moving average is $27.75 and its 200-day moving average is $27.72. AltShares Merger Arbitrage ETF has a one year low of $25.81 and a one year high of $28.30.

AltShares Merger Arbitrage ETF Announces Dividend

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

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.