16,014 Shares in First Trust Merger Arbitrage ETF $MARB Bought by RFG Advisory LLC

RFG Advisory LLC bought a new position in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,014 shares of the company’s stock, valued at approximately $327,000.

Several other large investors have also added to or reduced their stakes in the business. FAS Wealth Partners Inc. boosted its holdings in First Trust Merger Arbitrage ETF by 4.8% during the first quarter. FAS Wealth Partners Inc. now owns 46,424 shares of the company’s stock worth $927,000 after purchasing an additional 2,111 shares during the last quarter. BCGM Wealth Management LLC boosted its holdings in First Trust Merger Arbitrage ETF by 4.1% during the first quarter. BCGM Wealth Management LLC now owns 61,961 shares of the company’s stock worth $1,237,000 after purchasing an additional 2,418 shares during the last quarter. Cetera Investment Advisers boosted its holdings in 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 last quarter. CreativeOne Wealth LLC boosted its holdings in 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 worth $906,000 after purchasing an additional 9,983 shares during the last quarter. Finally, World Investment Advisors acquired a new position in First Trust Merger Arbitrage ETF during the first quarter worth $272,000.

First Trust Merger Arbitrage ETF Trading Up 0.0%

Shares of MARB opened at $20.27 on Friday. First Trust Merger Arbitrage ETF has a 12 month low of $19.12 and a 12 month high of $22.33. The firm has a fifty day simple moving average of $20.58 and a 200 day simple moving average of $20.37. The stock has a market capitalization of $33.45 million, a price-to-earnings ratio of 20.69 and a beta of 0.07.

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.