Private Advisor Group LLC Takes $4.48 Million Position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Private Advisor Group LLC purchased a new position in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 222,010 shares of the company’s stock, valued at approximately $4,476,000. Private Advisor Group LLC owned about 0.06% of First Trust Merger Arbitrage ETF as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AlphaMark Advisors LLC acquired a new stake in First Trust Merger Arbitrage ETF in the 3rd quarter valued at about $81,000. NBC Securities Inc. acquired a new stake in shares of First Trust Merger Arbitrage ETF in the 3rd quarter worth $83,000. Assetmark Inc. raised its holdings in shares of First Trust Merger Arbitrage ETF by 263.7% during the 3rd quarter. Assetmark Inc. now owns 12,428 shares of the company’s stock worth $250,000 after acquiring an additional 9,011 shares during the period. Park Avenue Securities LLC acquired a new position in shares of First Trust Merger Arbitrage ETF during the 3rd quarter valued at about $273,000. Finally, Advisors Preferred LLC purchased a new stake in shares of First Trust Merger Arbitrage ETF in the third quarter valued at about $427,000.

First Trust Merger Arbitrage ETF Trading Down 0.1 %

First Trust Merger Arbitrage ETF stock opened at $19.64 on Friday. The stock has a market cap of $45.16 million, a P/E ratio of 13.98 and a beta of 0.07. The company has a 50-day moving average price of $19.70 and a 200 day moving average price of $19.90. First Trust Merger Arbitrage ETF has a 12-month low of $19.18 and a 12-month 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.