FAS Wealth Partners Inc. Has $1.38 Million Position in First Trust Merger Arbitrage ETF $MARB

FAS Wealth Partners Inc. raised its holdings in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 64.9% in the first quarter, HoldingsChannel.com reports. The firm owned 66,567 shares of the company’s stock after buying an additional 26,200 shares during the period. FAS Wealth Partners Inc. owned about 0.06% of First Trust Merger Arbitrage ETF worth $1,378,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Osaic Holdings Inc. lifted its stake in shares of First Trust Merger Arbitrage ETF by 19.3% in the second quarter. Osaic Holdings Inc. now owns 18,209 shares of the company’s stock valued at $371,000 after buying an additional 2,948 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of First Trust Merger Arbitrage ETF during the third quarter worth about $832,000. Susquehanna International Group LLP increased its position in shares of First Trust Merger Arbitrage ETF by 2.0% during the third quarter. Susquehanna International Group LLP now owns 36,685 shares of the company’s stock worth $745,000 after acquiring an additional 710 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of First Trust Merger Arbitrage ETF in the 3rd quarter worth about $85,000. Finally, Center For Asset Management LLC acquired a new stake in shares of First Trust Merger Arbitrage ETF in the 4th quarter worth about $739,000.

First Trust Merger Arbitrage ETF Stock Performance

Shares of NYSEARCA MARB opened at $21.00 on Tuesday. First Trust Merger Arbitrage ETF has a fifty-two week low of $19.75 and a fifty-two week high of $22.89. The stock has a market cap of $25.21 million, a price-to-earnings ratio of 20.69 and a beta of 0.03. The firm’s 50-day simple moving average is $20.96 and its 200 day simple moving average is $20.83.

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.