AltShares Merger Arbitrage ETF $ARB Shares Bought by Assetmark Inc.

Assetmark Inc. grew its position in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 1,131.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 267,701 shares of the company’s stock after purchasing an additional 245,956 shares during the period. Assetmark Inc. owned 7.61% of AltShares Merger Arbitrage ETF worth $7,782,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Advisors Preferred LLC boosted its stake in shares of AltShares Merger Arbitrage ETF by 55.4% during the 3rd quarter. Advisors Preferred LLC now owns 8,913 shares of the company’s stock worth $259,000 after purchasing an additional 3,177 shares during the last quarter. World Investment Advisors lifted its holdings in shares of AltShares Merger Arbitrage ETF by 15.6% during the 3rd quarter. World Investment Advisors now owns 11,177 shares of the company’s stock worth $324,000 after acquiring an additional 1,512 shares during the period. Jane Street Group LLC purchased a new position in shares of AltShares Merger Arbitrage ETF during the 2nd quarter worth about $363,000. Columbus Macro LLC lifted its holdings in shares of AltShares Merger Arbitrage ETF by 11.6% during the 3rd quarter. Columbus Macro LLC now owns 27,718 shares of the company’s stock worth $804,000 after acquiring an additional 2,871 shares during the period. Finally, Sonoma Allocations LLC purchased a new position in shares of AltShares Merger Arbitrage ETF during the 3rd quarter worth about $818,000. 94.63% of the stock is owned by institutional investors and hedge funds.

AltShares Merger Arbitrage ETF Price Performance

Shares of ARB stock opened at $29.46 on Friday. The firm has a market cap of $105.47 million, a P/E ratio of 15.11 and a beta of 0.05. AltShares Merger Arbitrage ETF has a 1-year low of $27.55 and a 1-year high of $30.26. The firm’s 50-day simple moving average is $29.27 and its 200-day simple moving average is $29.11.

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.