Exencial Wealth Advisors LLC Increases Holdings in ProShares Merger ETF $MRGR

Exencial Wealth Advisors LLC lifted its holdings in ProShares Merger ETF (BATS:MRGR) by 5.3% in the second quarter, Holdings Channel reports. The fund owned 26,973 shares of the company’s stock after purchasing an additional 1,366 shares during the quarter. Exencial Wealth Advisors LLC owned approximately 0.11% of ProShares Merger ETF worth $1,132,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MRGR. Geneos Wealth Management Inc. purchased a new stake in ProShares Merger ETF during the first quarter valued at approximately $218,000. Royal Bank of Canada increased its position in shares of ProShares Merger ETF by 84.2% during the 1st quarter. Royal Bank of Canada now owns 6,751 shares of the company’s stock valued at $282,000 after purchasing an additional 3,086 shares during the last quarter. Ethos Financial Group LLC purchased a new stake in ProShares Merger ETF during the 1st quarter valued at $358,000. Jane Street Group LLC lifted its position in ProShares Merger ETF by 56.8% in the first quarter. Jane Street Group LLC now owns 12,048 shares of the company’s stock worth $503,000 after buying an additional 4,362 shares during the last quarter. Finally, Syntegra Private Wealth Group LLC lifted its position in ProShares Merger ETF by 5.9% in the second quarter. Syntegra Private Wealth Group LLC now owns 22,016 shares of the company’s stock worth $924,000 after buying an additional 1,226 shares during the last quarter.

ProShares Merger ETF Stock Up 6.1%

BATS MRGR opened at $44.42 on Friday. ProShares Merger ETF has a 52 week low of $40.57 and a 52 week high of $45.62. The firm has a market capitalization of $11.11 million, a price-to-earnings ratio of 24.24 and a beta of 0.04. The company has a fifty day moving average of $43.28 and a two-hundred day moving average of $42.43.

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.