Bank of New York Mellon Corp Sells 1,183 Shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB)

Bank of New York Mellon Corp lessened its holdings in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARBFree Report) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,301 shares of the company’s stock after selling 1,183 shares during the quarter. Bank of New York Mellon Corp owned about 1.19% of AltShares Merger Arbitrage ETF worth $874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARB. UBS Group AG grew its holdings in AltShares Merger Arbitrage ETF by 73.6% during the 3rd quarter. UBS Group AG now owns 2,067 shares of the company’s stock valued at $55,000 after buying an additional 876 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in AltShares Merger Arbitrage ETF by 0.5% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 188,739 shares of the company’s stock valued at $4,807,000 after buying an additional 949 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in AltShares Merger Arbitrage ETF during the 4th quarter valued at approximately $30,000. Cetera Investment Advisers grew its holdings in AltShares Merger Arbitrage ETF by 10.1% during the 1st quarter. Cetera Investment Advisers now owns 37,586 shares of the company’s stock valued at $953,000 after buying an additional 3,452 shares in the last quarter. Finally, PFG Advisors grew its holdings in AltShares Merger Arbitrage ETF by 23.0% during the 3rd quarter. PFG Advisors now owns 19,890 shares of the company’s stock valued at $522,000 after buying an additional 3,716 shares in the last quarter.

AltShares Merger Arbitrage ETF Stock Performance

Shares of AltShares Merger Arbitrage ETF stock opened at $26.76 on Friday. The stock has a market cap of $75.19 million, a price-to-earnings ratio of 17.48 and a beta of 0.07. The stock has a 50 day moving average price of $26.69 and a 200-day moving average price of $26.31. AltShares Merger Arbitrage ETF has a one year low of $24.50 and a one year high of $26.87.

About AltShares Merger Arbitrage ETF

(Free Report)

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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Institutional Ownership by Quarter for AltShares Merger Arbitrage ETF (NYSEARCA:ARB)

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