17,337 Shares in ProShares Merger ETF (BATS:MRGR) Acquired by SageView Advisory Group LLC

SageView Advisory Group LLC bought a new position in shares of ProShares Merger ETF (BATS:MRGR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,337 shares of the company’s stock, valued at approximately $697,000. SageView Advisory Group LLC owned 4.95% of ProShares Merger ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Exencial Wealth Advisors LLC increased its stake in ProShares Merger ETF by 31.5% in the fourth quarter. Exencial Wealth Advisors LLC now owns 19,325 shares of the company’s stock valued at $777,000 after purchasing an additional 4,632 shares during the last quarter.

ProShares Merger ETF Stock Up 0.1 %

Shares of ProShares Merger ETF stock opened at $39.88 on Wednesday. The firm has a market capitalization of $9.97 million, a P/E ratio of 17.64 and a beta of 0.05. ProShares Merger ETF has a 52 week low of $35.06 and a 52 week high of $36.45. The firm’s 50 day moving average is $40.02 and its two-hundred day moving average is $40.15.

ProShares Merger ETF Company Profile

The ProShares Merger ETF (MRGR) is an exchange-traded fund that is based on the S&P Merger Arbitrage index. The fund tracks an index of developed-market equities involved in merger deals, with long exposure to target firms and short exposure to acquiring firms. The fund is net long and hedges FX risk.