Jane Street Group LLC cut its stake in AltShares Merger Arbitrage ETF (NYSEARCA:ARB – Free Report) by 96.3% in the third quarter, Holdings Channel.com reports. The firm owned 8,042 shares of the company’s stock after selling 207,772 shares during the quarter. Jane Street Group LLC’s holdings in AltShares Merger Arbitrage ETF were worth $223,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in AltShares Merger Arbitrage ETF by 20.9% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 538,582 shares of the company’s stock valued at $14,929,000 after purchasing an additional 93,043 shares during the last quarter. Harbour Investments Inc. raised its position in shares of 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 buying an additional 22,296 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in AltShares Merger Arbitrage ETF in the third quarter valued at approximately $303,000. Diversify Advisory Services LLC grew its position in AltShares Merger Arbitrage ETF by 3.7% in the third quarter. Diversify Advisory Services LLC now owns 63,026 shares of the company’s stock worth $1,759,000 after acquiring an additional 2,239 shares during the period. Finally, HighTower Advisors LLC increased its stake in AltShares Merger Arbitrage ETF by 1.8% during the third 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.
AltShares Merger Arbitrage ETF Stock Down 0.1 %
NYSEARCA:ARB opened at $27.76 on Monday. AltShares Merger Arbitrage ETF has a 52 week low of $25.81 and a 52 week high of $28.30. The stock’s fifty day moving average is $27.75 and its two-hundred day moving average is $27.62. The company has a market capitalization of $72.45 million, a P/E ratio of 17.48 and a beta of 0.08.
AltShares Merger Arbitrage ETF Announces Dividend
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.
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Want to see what other hedge funds are holding ARB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AltShares Merger Arbitrage ETF (NYSEARCA:ARB – Free Report).
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