Royal Bank of Canada grew its holdings in ProShares Merger ETF (BATS:MRGR – Free Report) by 83.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,550 shares of the company’s stock after buying an additional 17,558 shares during the quarter. Royal Bank of Canada owned 15.42% of ProShares Merger ETF worth $1,738,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in MRGR. Syntegra Private Wealth Group LLC grew its stake in ProShares Merger ETF by 52.9% in the 1st quarter. Syntegra Private Wealth Group LLC now owns 32,385 shares of the company’s stock valued at $1,460,000 after acquiring an additional 11,206 shares during the period. Exencial Wealth Advisors LLC raised its position in ProShares Merger ETF by 4.5% during the fourth quarter. Exencial Wealth Advisors LLC now owns 27,196 shares of the company’s stock worth $1,210,000 after acquiring an additional 1,183 shares during the period. Creative Planning purchased a new position in ProShares Merger ETF during the third quarter valued at $791,000. Jane Street Group LLC grew its position in shares of ProShares Merger ETF by 56.8% in the first 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. Finally, Kestra Advisory Services LLC grew its position in shares of ProShares Merger ETF by 11.6% in the first quarter. Kestra Advisory Services LLC now owns 5,319 shares of the company’s stock valued at $240,000 after purchasing an additional 553 shares during the period.
ProShares Merger ETF Stock Up 0.1%
MRGR stock opened at $45.62 on Wednesday. ProShares Merger ETF has a 52 week low of $42.49 and a 52 week high of $46.22. The firm has a 50-day simple moving average of $45.45 and a 200-day simple moving average of $45.15. The stock has a market capitalization of $11.41 million, a P/E ratio of 24.24 and a beta of 0.04.
ProShares Merger ETF Company Profile
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.
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