30,010 Shares in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC bought a new stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) during the third quarter, Holdings Channel.com reports. The firm bought 30,010 shares of the company’s stock, valued at approximately $594,000.

Several other large investors have also modified their holdings of the business. Clarus Wealth Advisors increased its position in shares of First Trust Merger Arbitrage ETF by 12.5% during the 2nd quarter. Clarus Wealth Advisors now owns 12,221 shares of the company’s stock worth $241,000 after purchasing an additional 1,356 shares during the last quarter. AE Wealth Management LLC boosted its stake in 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 buying an additional 4,843 shares during the period. Wedbush Securities Inc. increased its position in shares of First Trust Merger Arbitrage ETF by 15.2% during the second quarter. Wedbush Securities Inc. now owns 18,760 shares of the company’s stock valued at $368,000 after acquiring an additional 2,470 shares during the last quarter. Clear Harbor Asset Management LLC raised its stake in shares of First Trust Merger Arbitrage ETF by 5.3% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 37,994 shares of the company’s stock valued at $744,000 after acquiring an additional 1,900 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of First Trust Merger Arbitrage ETF by 103.3% in the 3rd quarter. Assetmark Inc. now owns 38,633 shares of the company’s stock worth $765,000 after acquiring an additional 19,626 shares during the last quarter.

First Trust Merger Arbitrage ETF Stock Up 0.1 %

MARB opened at $19.82 on Friday. The firm has a market cap of $46.57 million, a P/E ratio of 14.08 and a beta of 0.07. First Trust Merger Arbitrage ETF has a 52 week low of $19.07 and a 52 week high of $20.37. The business has a fifty day simple moving average of $19.80 and a 200-day simple moving average of $19.82.

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.