Orion Portfolio Solutions LLC Purchases 12,359 Shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB)

Orion Portfolio Solutions LLC lifted its position in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 184,278 shares of the company’s stock after acquiring an additional 12,359 shares during the quarter. Orion Portfolio Solutions LLC owned approximately 7.06% of AltShares Merger Arbitrage ETF worth $5,073,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cantor Fitzgerald Investment Advisors L.P. raised its holdings in AltShares Merger Arbitrage ETF by 3.6% during the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 557,948 shares of the company’s stock worth $15,360,000 after purchasing an additional 19,366 shares during the last quarter. Columbus Macro LLC raised its stake in shares of AltShares Merger Arbitrage ETF by 77.4% during the fourth quarter. Columbus Macro LLC now owns 25,145 shares of the company’s stock worth $692,000 after buying an additional 10,972 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in AltShares Merger Arbitrage ETF in the fourth quarter valued at approximately $233,000. LPL Financial LLC bought a new position in AltShares Merger Arbitrage ETF in the fourth quarter valued at approximately $218,000. Finally, Harbour Investments Inc. grew its holdings in AltShares Merger Arbitrage ETF by 5.2% during the 4th quarter. Harbour Investments Inc. now owns 104,630 shares of the company’s stock worth $2,880,000 after acquiring an additional 5,138 shares during the period.

AltShares Merger Arbitrage ETF Stock Up 0.1 %

ARB stock opened at $28.19 on Friday. AltShares Merger Arbitrage ETF has a twelve month low of $25.81 and a twelve month high of $28.49. The company has a market cap of $80.62 million, a P/E ratio of 17.48 and a beta of 0.09. The business’s fifty day moving average is $28.06 and its 200-day moving average is $27.88.

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.