First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Shares Acquired by BCGM Wealth Management LLC

BCGM Wealth Management LLC boosted its position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 59,543 shares of the company’s stock after purchasing an additional 1,802 shares during the quarter. BCGM Wealth Management LLC’s holdings in First Trust Merger Arbitrage ETF were worth $1,184,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. World Investment Advisors LLC purchased a new stake in First Trust Merger Arbitrage ETF during the third quarter valued at about $1,494,000. Midwest Financial Group LLC raised its stake in shares of First Trust Merger Arbitrage ETF by 1.4% during the 4th quarter. Midwest Financial Group LLC now owns 66,606 shares of the company’s stock worth $1,324,000 after purchasing an additional 934 shares in the last quarter. Holistic Financial Partners grew its position in First Trust Merger Arbitrage ETF by 2.0% in the third quarter. Holistic Financial Partners now owns 53,234 shares of the company’s stock worth $1,053,000 after acquiring an additional 1,057 shares in the last quarter. Jane Street Group LLC raised its holdings in 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 valued at $833,000 after buying an additional 22,307 shares in the last quarter. Finally, Clear Harbor Asset Management LLC lifted its holdings in First Trust Merger Arbitrage ETF by 7.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 40,994 shares of the company’s stock worth $815,000 after purchasing an additional 3,000 shares during the last quarter.

First Trust Merger Arbitrage ETF Stock Down 0.1 %

Shares of NYSEARCA:MARB opened at $19.99 on Monday. The business has a 50 day moving average price of $19.87 and a 200 day moving average price of $19.87. The company has a market cap of $28.99 million, a price-to-earnings ratio of 18.56 and a beta of 0.08. First Trust Merger Arbitrage ETF has a twelve month low of $19.07 and a twelve month high of $20.68.

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.