Midwest Financial Group LLC Acquires 934 Shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Midwest Financial Group LLC lifted its stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 66,606 shares of the company’s stock after acquiring an additional 934 shares during the period. Midwest Financial Group LLC’s holdings in First Trust Merger Arbitrage ETF were worth $1,324,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. AE Wealth Management LLC raised its position 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 during the period. CreativeOne Wealth LLC acquired a new position in shares of First Trust Merger Arbitrage ETF in the third quarter valued at approximately $594,000. Assetmark Inc. increased its position in shares of First Trust Merger Arbitrage ETF by 103.3% during the third quarter. Assetmark Inc. now owns 38,633 shares of the company’s stock worth $765,000 after acquiring an additional 19,626 shares in the last quarter. Clear Harbor Asset Management LLC increased its position in shares of First Trust Merger Arbitrage ETF by 7.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 40,994 shares of the company’s stock worth $815,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of First Trust Merger Arbitrage ETF by 112.7% during the third quarter. Jane Street Group LLC now owns 42,105 shares of the company’s stock worth $833,000 after acquiring an additional 22,307 shares during the period.

First Trust Merger Arbitrage ETF Trading Up 0.1 %

Shares of NYSEARCA MARB opened at $19.97 on Friday. The company has a fifty day moving average price of $19.82 and a 200 day moving average price of $19.87. 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 cap of $46.92 million, a PE ratio of 14.08 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.