Sonoma Allocations LLC Takes $818,000 Position in AltShares Merger Arbitrage ETF $ARB

Sonoma Allocations LLC purchased a new position in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,284 shares of the company’s stock, valued at approximately $818,000. Sonoma Allocations LLC owned about 0.90% of AltShares Merger Arbitrage ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Legend Financial Advisors Inc. raised its position in shares of AltShares Merger Arbitrage ETF by 1.9% during the 2nd quarter. Legend Financial Advisors Inc. now owns 174,436 shares of the company’s stock valued at $4,970,000 after acquiring an additional 3,196 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of AltShares Merger Arbitrage ETF during the second quarter worth $221,000. Columbus Macro LLC increased its holdings in AltShares Merger Arbitrage ETF by 5.2% in the second quarter. Columbus Macro LLC now owns 24,847 shares of the company’s stock valued at $708,000 after purchasing an additional 1,230 shares during the last quarter. World Investment Advisors increased its holdings in AltShares Merger Arbitrage ETF by 30.7% in the second quarter. World Investment Advisors now owns 9,665 shares of the company’s stock valued at $275,000 after purchasing an additional 2,271 shares during the last quarter. Finally, PFG Advisors lifted its stake 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 buying an additional 29,558 shares during the period. 94.63% of the stock is owned by institutional investors.

AltShares Merger Arbitrage ETF Trading Down 0.0%

Shares of ARB opened at $29.03 on Friday. The stock has a market cap of $100.73 million, a P/E ratio of 14.89 and a beta of 0.05. AltShares Merger Arbitrage ETF has a 1 year low of $27.54 and a 1 year high of $30.26. The stock’s 50-day moving average price is $29.03 and its two-hundred day moving average price is $28.91.

AltShares Merger Arbitrage ETF Announces Dividend

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

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.