OneAscent Wealth Management LLC Acquires 12,576 Shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

OneAscent Wealth Management LLC lifted its holdings in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 21.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,675 shares of the company’s stock after acquiring an additional 12,576 shares during the quarter. First Trust Merger Arbitrage ETF accounts for about 0.7% of OneAscent Wealth Management LLC’s holdings, making the stock its 16th largest position. OneAscent Wealth Management LLC owned about 1.63% of First Trust Merger Arbitrage ETF worth $1,434,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of First Trust Merger Arbitrage ETF during the 1st quarter worth $289,000. Commonwealth Equity Services LLC purchased a new position in First Trust Merger Arbitrage ETF in the fourth quarter valued at about $803,000. Cambridge Investment Research Advisors Inc. grew its position in shares of First Trust Merger Arbitrage ETF by 38.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 39,142 shares of the company’s stock valued at $790,000 after acquiring an additional 10,877 shares during the period. Advisor Group Holdings Inc. increased its stake in shares of First Trust Merger Arbitrage ETF by 29.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 191,785 shares of the company’s stock worth $3,868,000 after purchasing an additional 43,664 shares during the last quarter. Finally, Atlas Wealth LLC bought a new stake in shares of First Trust Merger Arbitrage ETF in the 4th quarter worth approximately $2,238,000.

First Trust Merger Arbitrage ETF Stock Up 0.0 %

First Trust Merger Arbitrage ETF stock traded up $0.01 during trading on Friday, hitting $20.43. The stock had a trading volume of 6,720 shares, compared to its average volume of 46,254. First Trust Merger Arbitrage ETF has a 1 year low of $19.53 and a 1 year high of $22.32. The stock’s 50 day moving average is $20.13 and its two-hundred day moving average is $20.02. The stock has a market cap of $72.53 million, a price-to-earnings ratio of 11.47 and a beta of 0.07.

First Trust Merger Arbitrage ETF Company 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.