RFG Advisory LLC Invests $327,000 in First Trust Merger Arbitrage ETF $MARB

RFG Advisory LLC bought a new stake in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 16,014 shares of the company’s stock, valued at approximately $327,000. RFG Advisory LLC owned approximately 0.97% of First Trust Merger Arbitrage ETF as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. FAS Wealth Partners Inc. boosted its position in shares of First Trust Merger Arbitrage ETF by 4.8% during the 1st quarter. FAS Wealth Partners Inc. now owns 46,424 shares of the company’s stock valued at $927,000 after acquiring an additional 2,111 shares in the last quarter. BCGM Wealth Management LLC boosted its position in shares of First Trust Merger Arbitrage ETF by 4.1% during the 1st quarter. BCGM Wealth Management LLC now owns 61,961 shares of the company’s stock valued at $1,237,000 after acquiring an additional 2,418 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Merger Arbitrage ETF by 29.5% during the 1st quarter. Cetera Investment Advisers now owns 19,094 shares of the company’s stock valued at $381,000 after acquiring an additional 4,350 shares in the last quarter. CreativeOne Wealth LLC boosted its position in shares of First Trust Merger Arbitrage ETF by 28.2% during the 1st quarter. CreativeOne Wealth LLC now owns 45,375 shares of the company’s stock valued at $906,000 after acquiring an additional 9,983 shares in the last quarter. Finally, World Investment Advisors acquired a new stake in shares of First Trust Merger Arbitrage ETF during the 1st quarter valued at about $272,000.

First Trust Merger Arbitrage ETF Stock Performance

Shares of First Trust Merger Arbitrage ETF stock opened at $20.27 on Friday. The firm’s 50-day simple moving average is $20.58 and its 200-day simple moving average is $20.37. First Trust Merger Arbitrage ETF has a twelve month low of $19.12 and a twelve month high of $22.33. The firm has a market cap of $33.45 million, a P/E ratio of 20.69 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.