Avantax Advisory Services Inc. bought a new position in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 12,236 shares of the company’s stock, valued at approximately $247,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MARB. NBC Securities Inc. acquired a new position in shares of First Trust Merger Arbitrage ETF in the 3rd quarter worth approximately $83,000. Principal Securities Inc. acquired a new position in First Trust Merger Arbitrage ETF in the fourth quarter worth approximately $182,000. AlphaMark Advisors LLC grew its position in First Trust Merger Arbitrage ETF by 155.6% in the fourth quarter. AlphaMark Advisors LLC now owns 10,225 shares of the company’s stock worth $206,000 after buying an additional 6,225 shares during the last quarter. Advisors Preferred LLC bought a new position in shares of First Trust Merger Arbitrage ETF in the third quarter valued at $427,000. Finally, Braun Bostich & Associates Inc. acquired a new stake in shares of First Trust Merger Arbitrage ETF during the 4th quarter valued at $473,000.
First Trust Merger Arbitrage ETF Stock Up 0.1 %
MARB opened at $19.68 on Friday. The firm has a market cap of $46.25 million, a PE ratio of 14.08 and a beta of 0.07. The business has a fifty day simple moving average of $19.67 and a 200-day simple moving average of $19.87. First Trust Merger Arbitrage ETF has a fifty-two week low of $19.18 and a fifty-two week high of $20.45.
First Trust Merger Arbitrage ETF Company 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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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).
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