Commonwealth Equity Services LLC Makes New Investment in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Commonwealth Equity Services LLC bought a new position in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB – Get Rating) during the fourth quarter, Holdings Channel reports. The fund bought 39,835 shares of the company’s stock, valued at approximately $803,000.

A number of other institutional investors have also recently added to or reduced their stakes in MARB. Mainstay Capital Management LLC ADV lifted its holdings in First Trust Merger Arbitrage ETF by 113.3% during the 3rd quarter. Mainstay Capital Management LLC ADV now owns 636,735 shares of the company’s stock worth $12,792,000 after buying an additional 338,155 shares during the period. AE Wealth Management LLC raised its holdings in First Trust Merger Arbitrage ETF by 811.1% during the 4th quarter. AE Wealth Management LLC now owns 154,063 shares of the company’s stock worth $3,108,000 after purchasing an additional 137,153 shares during the last quarter. FAS Wealth Partners bought a new position in First Trust Merger Arbitrage ETF during the 4th quarter worth approximately $2,666,000. Envestnet Asset Management Inc. raised its holdings in First Trust Merger Arbitrage ETF by 274.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 138,895 shares of the company’s stock worth $2,790,000 after purchasing an additional 101,782 shares during the last quarter. Finally, Foundations Investment Advisors LLC bought a new position in First Trust Merger Arbitrage ETF during the 4th quarter worth approximately $1,509,000.

First Trust Merger Arbitrage ETF Stock Performance

First Trust Merger Arbitrage ETF stock opened at $19.65 on Wednesday. The firm has a 50 day moving average price of $20.00 and a two-hundred day moving average price of $20.10. First Trust Merger Arbitrage ETF has a 52-week low of $19.45 and a 52-week high of $22.32. The firm has a market cap of $81.55 million, a price-to-earnings ratio of 11.47 and a beta of 0.07.

First Trust Merger Arbitrage ETF Profile

(Get Rating)

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.