Syntegra Private Wealth Group LLC Boosts Position in ProShares Merger ETF $MRGR

Syntegra Private Wealth Group LLC grew its holdings in shares of ProShares Merger ETF (BATS:MRGR) by 52.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 32,385 shares of the company’s stock after acquiring an additional 11,206 shares during the quarter. Syntegra Private Wealth Group LLC owned about 0.13% of ProShares Merger ETF worth $1,460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in ProShares Merger ETF by 84.2% in the first quarter. Royal Bank of Canada now owns 6,751 shares of the company’s stock worth $282,000 after acquiring an additional 3,086 shares during the period. Jane Street Group LLC increased its position in ProShares Merger ETF by 56.8% during the 1st quarter. Jane Street Group LLC now owns 12,048 shares of the company’s stock valued at $503,000 after purchasing an additional 4,362 shares during the period. Creative Planning bought a new position in ProShares Merger ETF in the 3rd quarter worth $791,000. City Center Advisors LLC bought a new position in ProShares Merger ETF in the 4th quarter worth $207,000. Finally, Exencial Wealth Advisors LLC raised its holdings in ProShares Merger ETF by 4.5% in the 4th quarter. Exencial Wealth Advisors LLC now owns 27,196 shares of the company’s stock worth $1,210,000 after purchasing an additional 1,183 shares in the last quarter.

ProShares Merger ETF Stock Performance

BATS:MRGR opened at $45.52 on Friday. The company has a 50-day moving average price of $45.27 and a 200-day moving average price of $45.03. The stock has a market cap of $11.38 million, a price-to-earnings ratio of 24.24 and a beta of 0.04. ProShares Merger ETF has a 12 month low of $41.99 and a 12 month high of $46.22.

About ProShares Merger ETF

The ProShares Merger ETF (MRGR) is an exchange-traded fund that is based on the S&P Merger Arbitrage index. The fund tracks an index of developed-market equities involved in merger deals, with long exposure to target firms and short exposure to acquiring firms. The fund is net long and hedges FX risk. MRGR was launched on Dec 11, 2012 and is managed by ProShares.