Cambridge Investment Research Advisors Inc. Buys 10,877 Shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Cambridge Investment Research Advisors Inc. grew its stake in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB – Get Rating) by 38.5% in the fourth quarter, Holdings Channel reports. The fund owned 39,142 shares of the company’s stock after acquiring an additional 10,877 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in First Trust Merger Arbitrage ETF were worth $790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of MARB. Moloney Securities Asset Management LLC lifted its stake in First Trust Merger Arbitrage ETF by 7.4% in the fourth quarter. Moloney Securities Asset Management LLC now owns 13,155 shares of the company’s stock valued at $265,000 after purchasing an additional 905 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of First Trust Merger Arbitrage ETF by 19.5% during the 4th quarter. Benjamin Edwards Inc. now owns 5,544 shares of the company’s stock valued at $112,000 after buying an additional 906 shares during the last quarter. Virtue Capital Management LLC lifted its position in shares of First Trust Merger Arbitrage ETF by 3.6% during the 3rd quarter. Virtue Capital Management LLC now owns 26,554 shares of the company’s stock valued at $533,000 after buying an additional 916 shares during the last quarter. Maripau Wealth Management LLC bought a new position in shares of First Trust Merger Arbitrage ETF during the 4th quarter worth $204,000. Finally, Truadvice LLC purchased a new stake in First Trust Merger Arbitrage ETF in the 3rd quarter worth about $239,000.

First Trust Merger Arbitrage ETF Stock Down 0.1 %

NYSEARCA MARB opened at $19.64 on Monday. The company has a market cap of $81.51 million, a PE ratio of 11.47 and a beta of 0.07. First Trust Merger Arbitrage ETF has a 52 week low of $19.45 and a 52 week high of $22.32. The firm’s 50-day simple moving average is $20.01 and its two-hundred day simple moving average is $20.10.

First Trust Merger Arbitrage ETF Company Profile

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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.