Simplicity Wealth LLC Reduces Stock Holdings in First Trust Merger Arbitrage ETF $MARB

Simplicity Wealth LLC lessened its holdings in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 77.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,578 shares of the company’s stock after selling 35,342 shares during the quarter. Simplicity Wealth LLC’s holdings in First Trust Merger Arbitrage ETF were worth $215,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Private Trust Co. NA bought a new position in First Trust Merger Arbitrage ETF in the 3rd quarter worth about $41,000. TFB Advisors LLC purchased a new stake in First Trust Merger Arbitrage ETF in the 2nd quarter worth approximately $207,000. World Equity Group Inc. bought a new position in First Trust Merger Arbitrage ETF in the 3rd quarter valued at $298,000. RFG Advisory LLC purchased a new position in shares of First Trust Merger Arbitrage ETF during the 2nd quarter valued at $327,000. Finally, Osaic Holdings Inc. grew its position in shares of First Trust Merger Arbitrage ETF by 19.3% during the 2nd quarter. Osaic Holdings Inc. now owns 18,209 shares of the company’s stock valued at $371,000 after purchasing an additional 2,948 shares in the last quarter.

First Trust Merger Arbitrage ETF Stock Performance

NYSEARCA:MARB opened at $20.70 on Tuesday. First Trust Merger Arbitrage ETF has a 52-week low of $19.49 and a 52-week high of $22.33. The stock has a fifty day moving average of $20.66 and a 200 day moving average of $20.60. The firm has a market capitalization of $38.30 million, a price-to-earnings ratio of 20.69 and a beta of 0.03.

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.