Clear Harbor Asset Management LLC Raises Holdings in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Clear Harbor Asset Management LLC increased its stake in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,994 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Clear Harbor Asset Management LLC’s holdings in First Trust Merger Arbitrage ETF were worth $815,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. AE Wealth Management LLC lifted its holdings in 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 purchasing an additional 4,843 shares in the last quarter. Assetmark Inc. lifted its stake in shares of First Trust Merger Arbitrage ETF by 103.3% during the third quarter. Assetmark Inc. now owns 38,633 shares of the company’s stock valued at $765,000 after buying an additional 19,626 shares during the period. BCGM Wealth Management LLC lifted its stake in shares of First Trust Merger Arbitrage ETF by 3.7% during the third quarter. BCGM Wealth Management LLC now owns 57,741 shares of the company’s stock valued at $1,143,000 after buying an additional 2,074 shares during the period. Holistic Financial Partners boosted its position in First Trust Merger Arbitrage ETF by 2.0% during 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 during the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in First Trust Merger Arbitrage ETF in the 3rd quarter worth approximately $594,000.

First Trust Merger Arbitrage ETF Stock Down 0.1 %

Shares of First Trust Merger Arbitrage ETF stock opened at $19.87 on Wednesday. First Trust Merger Arbitrage ETF has a fifty-two week low of $19.07 and a fifty-two week high of $20.68. The business’s fifty day moving average is $19.80 and its two-hundred day moving average is $19.87. The firm has a market cap of $46.69 million, a PE ratio of 14.08 and a beta of 0.07.

About First Trust Merger Arbitrage ETF

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.