First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. cut its stake in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 5.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 17,775 shares of the company’s stock after selling 1,110 shares during the period. Wedbush Securities Inc.’s holdings in First Trust Merger Arbitrage ETF were worth $353,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MARB. World Investment Advisors LLC purchased a new stake in First Trust Merger Arbitrage ETF during the 3rd quarter valued at about $1,494,000. Midwest Financial Group LLC lifted its stake in First Trust Merger Arbitrage ETF by 1.4% in the 4th quarter. Midwest Financial Group LLC now owns 66,606 shares of the company’s stock worth $1,324,000 after purchasing an additional 934 shares in the last quarter. BCGM Wealth Management LLC lifted its stake in First Trust Merger Arbitrage ETF by 3.1% in the 4th quarter. BCGM Wealth Management LLC now owns 59,543 shares of the company’s stock worth $1,184,000 after purchasing an additional 1,802 shares in the last quarter. Assetmark Inc. lifted its stake in First Trust Merger Arbitrage ETF by 18.4% in the 4th quarter. Assetmark Inc. now owns 45,723 shares of the company’s stock worth $909,000 after purchasing an additional 7,090 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in First Trust Merger Arbitrage ETF by 112.7% in the 3rd quarter. Jane Street Group LLC now owns 42,105 shares of the company’s stock worth $833,000 after purchasing an additional 22,307 shares in the last quarter.

First Trust Merger Arbitrage ETF Price Performance

MARB opened at $19.78 on Thursday. The company’s 50 day simple moving average is $19.90 and its two-hundred day simple moving average is $19.84. First Trust Merger Arbitrage ETF has a 1-year low of $19.07 and a 1-year high of $20.68. The firm has a market capitalization of $31.65 million, a price-to-earnings ratio of 18.58 and a beta of 0.08.

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.