AltShares Merger Arbitrage ETF $ARB Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. raised its stake in AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 538.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,938 shares of the company’s stock after buying an additional 52,243 shares during the quarter. Osaic Holdings Inc. owned approximately 2.07% of AltShares Merger Arbitrage ETF worth $1,765,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ARB. Raymond James Financial Inc. purchased a new position in AltShares Merger Arbitrage ETF during the second quarter worth about $2,800,000. Advisory Services Network LLC acquired a new stake in shares of AltShares Merger Arbitrage ETF during the 2nd quarter worth approximately $1,580,000. Diversify Advisory Services LLC raised its position in shares of AltShares Merger Arbitrage ETF by 76.8% during the 2nd quarter. Diversify Advisory Services LLC now owns 110,195 shares of the company’s stock valued at $3,175,000 after buying an additional 47,879 shares during the period. PFG Advisors lifted its holdings in AltShares Merger Arbitrage ETF by 50.5% in the second quarter. PFG Advisors now owns 88,061 shares of the company’s stock valued at $2,509,000 after acquiring an additional 29,558 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in AltShares Merger Arbitrage ETF in the second quarter valued at approximately $363,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

AltShares Merger Arbitrage ETF Stock Up 0.0%

ARB stock opened at $29.01 on Tuesday. AltShares Merger Arbitrage ETF has a 52-week low of $27.45 and a 52-week high of $30.26. The stock has a market cap of $90.80 million, a price-to-earnings ratio of 14.88 and a beta of 0.05. The business has a fifty day moving average of $29.03 and a two-hundred day moving average of $28.87.

AltShares Merger Arbitrage ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 18th were issued a $0.1257 dividend. This represents a yield of 43.0%. The ex-dividend date was Thursday, December 18th. AltShares Merger Arbitrage ETF’s payout ratio is 15.38%.

AltShares Merger Arbitrage ETF 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.