Royal Bank of Canada Raises Holdings in ProShares Merger ETF $MRGR

Royal Bank of Canada grew its holdings in shares of ProShares Merger ETF (BATS:MRGR) by 83.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,550 shares of the company’s stock after purchasing an additional 17,558 shares during the quarter. Royal Bank of Canada owned approximately 0.15% of ProShares Merger ETF worth $1,738,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Kestra Advisory Services LLC raised 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 buying an additional 553 shares during the last quarter. 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 valued at $1,210,000 after acquiring an additional 1,183 shares during the last quarter. Jane Street Group LLC raised its holdings in ProShares Merger ETF by 56.8% in the 1st quarter. Jane Street Group LLC now owns 12,048 shares of the company’s stock valued at $503,000 after acquiring an additional 4,362 shares during the last quarter. Syntegra Private Wealth Group LLC lifted 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 worth $1,460,000 after purchasing an additional 11,206 shares in the last quarter. Finally, Creative Planning purchased a new position in ProShares Merger ETF in the 3rd quarter worth approximately $791,000.

ProShares Merger ETF Price Performance

Shares of ProShares Merger ETF stock opened at $45.62 on Wednesday. The stock’s 50 day simple moving average is $45.45 and its 200-day simple moving average is $45.15. The stock has a market cap of $11.41 million, a P/E ratio of 24.24 and a beta of 0.04. ProShares Merger ETF has a 1-year low of $42.49 and a 1-year 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.