Holistic Financial Partners Lowers Stake in First Trust Merger Arbitrage ETF $MARB

Holistic Financial Partners lowered its stake in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 60.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,713 shares of the company’s stock after selling 22,157 shares during the quarter. Holistic Financial Partners’ holdings in First Trust Merger Arbitrage ETF were worth $301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LPL Financial LLC raised its position in shares of First Trust Merger Arbitrage ETF by 886.3% during the 1st quarter. LPL Financial LLC now owns 224,359 shares of the company’s stock valued at $4,480,000 after buying an additional 201,611 shares in the last quarter. Frederick Financial Consultants LLC purchased a new position in First Trust Merger Arbitrage ETF in the 1st quarter worth $1,427,000. Simplicity Wealth LLC raised its position in First Trust Merger Arbitrage ETF by 109.7% in the 2nd quarter. Simplicity Wealth LLC now owns 45,920 shares of the company’s stock worth $939,000 after purchasing an additional 24,026 shares during the period. CreativeOne Wealth LLC raised its position in First Trust Merger Arbitrage ETF by 28.2% in the 1st 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 period. Finally, Envestnet Asset Management Inc. raised its position in First Trust Merger Arbitrage ETF by 37.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 52,095 shares of the company’s stock worth $1,040,000 after purchasing an additional 14,130 shares during the period.

First Trust Merger Arbitrage ETF Stock Down 0.1%

Shares of NYSEARCA:MARB opened at $20.39 on Tuesday. The stock has a market cap of $33.64 million, a PE ratio of 20.69 and a beta of 0.03. The company’s fifty day moving average is $20.49 and its 200 day moving average is $20.42. First Trust Merger Arbitrage ETF has a 52 week low of $19.48 and a 52 week high of $22.33.

About First Trust Merger Arbitrage ETF

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.