Wolverine Trading LLC Decreases Stock Holdings in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Wolverine Trading LLC trimmed its stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 20.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,667 shares of the company’s stock after selling 9,154 shares during the period. Wolverine Trading LLC’s holdings in First Trust Merger Arbitrage ETF were worth $727,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. CreativeOne Wealth LLC bought a new position in First Trust Merger Arbitrage ETF in the 3rd quarter valued at $594,000. Assetmark Inc. lifted its stake in shares of First Trust Merger Arbitrage ETF by 103.3% during the 3rd quarter. Assetmark Inc. now owns 38,633 shares of the company’s stock worth $765,000 after purchasing an additional 19,626 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of First Trust Merger Arbitrage ETF by 47.2% in the 2nd quarter. AE Wealth Management LLC now owns 15,093 shares of the company’s stock valued at $296,000 after buying an additional 4,843 shares in the last quarter. BCGM Wealth Management LLC boosted its stake in First Trust Merger Arbitrage ETF by 4.7% in the second quarter. BCGM Wealth Management LLC now owns 55,667 shares of the company’s stock valued at $1,091,000 after acquiring an additional 2,512 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in First Trust Merger Arbitrage ETF by 15.2% in the second quarter. Wedbush Securities Inc. now owns 18,760 shares of the company’s stock worth $368,000 after purchasing an additional 2,470 shares during the last quarter.

First Trust Merger Arbitrage ETF Price Performance

Shares of NYSEARCA:MARB opened at $19.85 on Friday. First Trust Merger Arbitrage ETF has a 1 year low of $19.07 and a 1 year high of $20.37. The firm has a market capitalization of $46.65 million, a P/E ratio of 14.08 and a beta of 0.07. The business’s 50-day moving average is $19.79 and its 200 day moving average is $19.83.

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.