Cetera Investment Advisers Decreases Stock Holdings in AltShares Merger Arbitrage ETF (NYSEARCA:ARB)

Cetera Investment Advisers reduced its stake in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,964 shares of the company’s stock after selling 943 shares during the quarter. Cetera Investment Advisers owned approximately 1.34% of AltShares Merger Arbitrage ETF worth $963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisors L.P. raised its stake in shares of AltShares Merger Arbitrage ETF by 3.6% in the fourth 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. Orion Portfolio Solutions LLC grew its holdings in AltShares Merger Arbitrage ETF by 7.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 184,278 shares of the company’s stock valued at $5,073,000 after purchasing an additional 12,359 shares during the period. Jane Street Group LLC lifted its position in shares of AltShares Merger Arbitrage ETF by 1,301.2% in the fourth quarter. Jane Street Group LLC now owns 112,682 shares of the company’s stock valued at $3,102,000 after acquiring an additional 104,640 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of AltShares Merger Arbitrage ETF by 5.2% in the fourth quarter. Harbour Investments Inc. now owns 104,630 shares of the company’s stock valued at $2,880,000 after acquiring an additional 5,138 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of AltShares Merger Arbitrage ETF by 1.4% in the fourth quarter. HighTower Advisors LLC now owns 94,524 shares of the company’s stock valued at $2,602,000 after acquiring an additional 1,276 shares in the last quarter.

AltShares Merger Arbitrage ETF Price Performance

NYSEARCA ARB opened at $28.29 on Friday. AltShares Merger Arbitrage ETF has a 1-year low of $25.81 and a 1-year high of $28.75. The company has a market cap of $82.32 million, a PE ratio of 17.48 and a beta of 0.08. The stock’s 50 day simple moving average is $28.15 and its 200-day simple moving average is $27.97.

About AltShares Merger Arbitrage ETF

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.