Simplicity Wealth LLC Invests $437,000 in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Simplicity Wealth LLC purchased a new position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,894 shares of the company’s stock, valued at approximately $437,000. Simplicity Wealth LLC owned approximately 1.29% of First Trust Merger Arbitrage ETF at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC grew its stake in First Trust Merger Arbitrage ETF by 309.9% during the 4th quarter. Coppell Advisory Solutions LLC now owns 6,488 shares of the company’s stock worth $129,000 after buying an additional 4,905 shares during the last quarter. Citadel Advisors LLC purchased a new position in First Trust Merger Arbitrage ETF during the 4th quarter worth $201,000. LPL Financial LLC grew its stake in First Trust Merger Arbitrage ETF by 16.9% during the 4th quarter. LPL Financial LLC now owns 22,748 shares of the company’s stock worth $452,000 after buying an additional 3,289 shares during the last quarter. First Trust Advisors LP grew its stake in First Trust Merger Arbitrage ETF by 30.7% during the 4th quarter. First Trust Advisors LP now owns 34,644 shares of the company’s stock worth $689,000 after buying an additional 8,129 shares during the last quarter. Finally, CreativeOne Wealth LLC grew its stake in First Trust Merger Arbitrage ETF by 17.9% during the 4th quarter. CreativeOne Wealth LLC now owns 35,392 shares of the company’s stock worth $704,000 after buying an additional 5,382 shares during the last quarter.

First Trust Merger Arbitrage ETF Price Performance

Shares of MARB stock opened at $20.29 on Friday. First Trust Merger Arbitrage ETF has a 1-year low of $19.07 and a 1-year high of $20.68. The stock’s fifty day moving average price is $20.08 and its 200 day moving average price is $19.94. The company has a market cap of $34.49 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.