AE Wealth Management LLC grew its position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB – Get Rating) by 811.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 154,063 shares of the company’s stock after buying an additional 137,153 shares during the period. AE Wealth Management LLC owned 3.14% of First Trust Merger Arbitrage ETF worth $3,108,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Moloney Securities Asset Management LLC boosted its holdings in shares of First Trust Merger Arbitrage ETF by 7.4% in the 4th quarter. Moloney Securities Asset Management LLC now owns 13,155 shares of the company’s stock valued at $265,000 after buying an additional 905 shares in the last quarter. Virtue Capital Management LLC boosted its holdings in shares of First Trust Merger Arbitrage ETF by 3.6% in the 3rd quarter. Virtue Capital Management LLC now owns 26,554 shares of the company’s stock valued at $533,000 after buying an additional 916 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of First Trust Merger Arbitrage ETF in the 3rd quarter valued at about $93,000. Maripau Wealth Management LLC bought a new stake in shares of First Trust Merger Arbitrage ETF in the 4th quarter valued at about $204,000. Finally, Truadvice LLC bought a new stake in shares of First Trust Merger Arbitrage ETF in the 3rd quarter valued at about $239,000.
First Trust Merger Arbitrage ETF Stock Performance
NYSEARCA:MARB opened at $20.24 on Wednesday. The company’s 50-day simple moving average is $20.07 and its 200-day simple moving average is $20.14. The stock has a market capitalization of $84.00 million, a P/E ratio of 11.47 and a beta of 0.07. First Trust Merger Arbitrage ETF has a fifty-two week low of $19.45 and a fifty-two week high of $22.32.
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.
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