Harbour Investments Inc. Trims Holdings in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Harbour Investments Inc. decreased its stake in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 30.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,563 shares of the company’s stock after selling 6,853 shares during the period. Harbour Investments Inc. owned 0.66% of First Trust Merger Arbitrage ETF worth $308,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Wedbush Securities Inc. raised its position in shares of First Trust Merger Arbitrage ETF by 15.2% in the second quarter. Wedbush Securities Inc. now owns 18,760 shares of the company’s stock worth $368,000 after buying an additional 2,470 shares in the last quarter. Clear Harbor Asset Management LLC boosted its position in shares of First Trust Merger Arbitrage ETF by 5.3% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 37,994 shares of the company’s stock valued at $744,000 after acquiring an additional 1,900 shares during the last quarter. AE Wealth Management LLC grew its holdings in shares of First Trust Merger Arbitrage ETF by 47.2% during the second quarter. AE Wealth Management LLC now owns 15,093 shares of the company’s stock worth $296,000 after purchasing an additional 4,843 shares in the last quarter. FAS Wealth Partners Inc. increased its position in shares of First Trust Merger Arbitrage ETF by 4.2% in the second quarter. FAS Wealth Partners Inc. now owns 40,003 shares of the company’s stock worth $784,000 after purchasing an additional 1,612 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in First Trust Merger Arbitrage ETF in the first quarter valued at approximately $581,000.

First Trust Merger Arbitrage ETF Price Performance

MARB stock opened at $19.66 on Monday. The firm has a 50 day simple moving average of $19.84 and a two-hundred day simple moving average of $19.81. The stock has a market cap of $46.20 million, a PE ratio of 14.08 and a beta of 0.07. First Trust Merger Arbitrage ETF has a one year low of $19.07 and a one year high of $20.37.

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.