A number of other large investors have also recently made changes to their positions in the business. Owen LaRue LLC increased its holdings in shares of First Trust Merger Arbitrage ETF by 0.8% in the 4th quarter. Owen LaRue LLC now owns 209,702 shares of the company’s stock worth $4,228,000 after buying an additional 1,574 shares during the last quarter. OneAscent Financial Services LLC increased its holdings in shares of First Trust Merger Arbitrage ETF by 27.6% in the 4th quarter. OneAscent Financial Services LLC now owns 120,583 shares of the company’s stock worth $2,431,000 after buying an additional 26,091 shares during the last quarter. Midwest Financial Group LLC increased its holdings in shares of First Trust Merger Arbitrage ETF by 1.1% in the 1st quarter. Midwest Financial Group LLC now owns 62,881 shares of the company’s stock worth $1,245,000 after buying an additional 700 shares during the last quarter. Holistic Financial Partners grew its holdings in First Trust Merger Arbitrage ETF by 1.0% during the 4th quarter. Holistic Financial Partners now owns 55,747 shares of the company’s stock valued at $1,124,000 after purchasing an additional 550 shares during the last quarter. Finally, Beacon Financial Advisory LLC grew its holdings in First Trust Merger Arbitrage ETF by 243.4% during the 4th quarter. Beacon Financial Advisory LLC now owns 49,302 shares of the company’s stock valued at $994,000 after purchasing an additional 34,947 shares during the last quarter.
First Trust Merger Arbitrage ETF Trading Up 0.1 %
Shares of NYSEARCA:MARB opened at $19.71 on Friday. The company has a market capitalization of $46.32 million, a price-to-earnings ratio of 14.08 and a beta of 0.07. First Trust Merger Arbitrage ETF has a 12 month low of $19.07 and a 12 month high of $20.45. The firm’s 50-day moving average is $19.64 and its 200 day moving average is $19.76.
First Trust Merger Arbitrage ETF Profile
The First Trust Vivaldi Merger Arbitrage ETF (MARB) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an actively-managed global fund that uses a merger arbitrage strategy to long takeover target and short the acquiring company. MARB was launched on Feb 4, 2020 and is managed by First Trust.
Want to see what other hedge funds are holding MARB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Merger Arbitrage ETF (NYSEARCA:MARB – Free Report).
Receive News & Ratings for First Trust Merger Arbitrage ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Merger Arbitrage ETF and related companies with MarketBeat.com's FREE daily email newsletter.