10,114 Shares in First Trust Merger Arbitrage ETF $MARB Purchased by TFB Advisors LLC

TFB Advisors LLC purchased a new stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,114 shares of the company’s stock, valued at approximately $207,000. TFB Advisors LLC owned about 0.61% of First Trust Merger Arbitrage ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors bought a new stake in First Trust Merger Arbitrage ETF during the first quarter worth approximately $272,000. RFG Advisory LLC acquired a new position in shares of First Trust Merger Arbitrage ETF in the 2nd quarter worth $327,000. Cetera Investment Advisers raised its position in shares of First Trust Merger Arbitrage ETF by 29.5% during the first quarter. Cetera Investment Advisers now owns 19,094 shares of the company’s stock worth $381,000 after purchasing an additional 4,350 shares during the period. CreativeOne Wealth LLC lifted its holdings in shares of First Trust Merger Arbitrage ETF by 28.2% during the first quarter. CreativeOne Wealth LLC now owns 45,375 shares of the company’s stock valued at $906,000 after purchasing an additional 9,983 shares during the last quarter. Finally, FAS Wealth Partners Inc. boosted its position in shares of First Trust Merger Arbitrage ETF by 4.8% in the 1st quarter. FAS Wealth Partners Inc. now owns 46,424 shares of the company’s stock valued at $927,000 after purchasing an additional 2,111 shares during the period.

First Trust Merger Arbitrage ETF Stock Performance

Shares of MARB opened at $20.28 on Friday. The business’s 50-day moving average price is $20.54 and its 200 day moving average price is $20.38. The stock has a market capitalization of $33.46 million, a P/E ratio of 20.69 and a beta of 0.07. First Trust Merger Arbitrage ETF has a 1-year low of $19.12 and a 1-year high of $22.33.

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.