Stratos Wealth Advisors LLC Sells 831 Shares of First Trust Merger Arbitrage ETF $MARB

Stratos Wealth Advisors LLC cut its holdings in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,617 shares of the company’s stock after selling 831 shares during the period. Stratos Wealth Advisors LLC’s holdings in First Trust Merger Arbitrage ETF were worth $1,014,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MARB. RFG Advisory LLC bought a new stake in shares of First Trust Merger Arbitrage ETF during the second quarter valued at approximately $327,000. Simplicity Wealth LLC grew its stake in First Trust Merger Arbitrage ETF by 109.7% during the second quarter. Simplicity Wealth LLC now owns 45,920 shares of the company’s stock valued at $939,000 after acquiring an additional 24,026 shares in the last quarter. Coppell Advisory Solutions LLC grew its stake in First Trust Merger Arbitrage ETF by 1,148.5% during the first quarter. Coppell Advisory Solutions LLC now owns 81,002 shares of the company’s stock valued at $1,625,000 after acquiring an additional 74,514 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in First Trust Merger Arbitrage ETF by 28.2% in 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 during the last quarter. Finally, BCGM Wealth Management LLC lifted its stake in First Trust Merger Arbitrage ETF by 4.1% in the 1st quarter. BCGM Wealth Management LLC now owns 61,961 shares of the company’s stock worth $1,237,000 after purchasing an additional 2,418 shares in the last quarter.

First Trust Merger Arbitrage ETF Stock Up 0.0%

Shares of First Trust Merger Arbitrage ETF stock opened at $20.27 on Friday. The firm has a market cap of $33.45 million, a price-to-earnings ratio of 20.69 and a beta of 0.07. The business has a 50-day moving average price of $20.58 and a 200-day moving average price of $20.37. First Trust Merger Arbitrage ETF has a twelve month low of $19.12 and a twelve month high of $22.33.

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.