New York Life Investment Management LLC Has $9.60 Million Holdings in AltShares Merger Arbitrage ETF (NYSEARCA:ARB)

New York Life Investment Management LLC decreased its stake in AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,734 shares of the company’s stock after selling 10,806 shares during the quarter. New York Life Investment Management LLC owned approximately 13.36% of AltShares Merger Arbitrage ETF worth $9,601,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new stake in AltShares Merger Arbitrage ETF during the fourth quarter worth about $233,000. Dynamic Advisor Solutions LLC grew its position in AltShares Merger Arbitrage ETF by 37.4% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 15,010 shares of the company’s stock worth $413,000 after acquiring an additional 4,084 shares during the last quarter. Columbus Macro LLC grew its position in AltShares Merger Arbitrage ETF by 77.4% during the 4th quarter. Columbus Macro LLC now owns 25,145 shares of the company’s stock worth $692,000 after acquiring an additional 10,972 shares during the last quarter. Atria Investments Inc increased its holdings in AltShares Merger Arbitrage ETF by 5.1% during the 3rd quarter. Atria Investments Inc now owns 30,045 shares of the company’s stock valued at $833,000 after purchasing an additional 1,461 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in AltShares Merger Arbitrage ETF by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 93,248 shares of the company’s stock valued at $2,570,000 after purchasing an additional 1,666 shares during the last quarter.

AltShares Merger Arbitrage ETF Stock Performance

AltShares Merger Arbitrage ETF stock opened at $28.17 on Friday. AltShares Merger Arbitrage ETF has a 52 week low of $25.81 and a 52 week high of $28.49. The firm has a market cap of $80.28 million, a P/E ratio of 17.48 and a beta of 0.09. The business’s fifty day moving average is $27.84 and its two-hundred day moving average is $27.79.

AltShares Merger Arbitrage ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.3092 per share. The ex-dividend date was Wednesday, December 18th.

AltShares Merger Arbitrage ETF Company 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.