WealthCare Investment Partners LLC Trims Stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

WealthCare Investment Partners LLC cut its stake in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 31.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,870 shares of the company’s stock after selling 6,976 shares during the period. WealthCare Investment Partners LLC’s holdings in First Trust Merger Arbitrage ETF were worth $294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MARB. Owen LaRue LLC raised its stake in First Trust Merger Arbitrage ETF by 5.6% during the 3rd quarter. Owen LaRue LLC now owns 208,128 shares of the company’s stock valued at $4,192,000 after acquiring an additional 11,023 shares during the last quarter. OneAscent Financial Services LLC raised its stake in First Trust Merger Arbitrage ETF by 27.6% during the 4th quarter. OneAscent Financial Services LLC now owns 120,583 shares of the company’s stock valued at $2,431,000 after acquiring an additional 26,091 shares during the last quarter. Clear Harbor Asset Management LLC raised its stake in First Trust Merger Arbitrage ETF by 3.1% during the 4th quarter. Clear Harbor Asset Management LLC now owns 34,549 shares of the company’s stock valued at $697,000 after acquiring an additional 1,033 shares during the last quarter. AlphaMark Advisors LLC raised its stake in First Trust Merger Arbitrage ETF by 155.6% during the 4th quarter. AlphaMark Advisors LLC now owns 10,225 shares of the company’s stock valued at $206,000 after acquiring an additional 6,225 shares during the last quarter. Finally, Beacon Financial Advisory LLC raised its stake in First Trust Merger Arbitrage ETF by 243.4% during the 4th quarter. Beacon Financial Advisory LLC now owns 49,302 shares of the company’s stock valued at $994,000 after acquiring an additional 34,947 shares during the last quarter.

First Trust Merger Arbitrage ETF Stock Down 0.3 %

MARB traded down $0.06 on Thursday, hitting $19.51. 17,615 shares of the company traded hands, compared to its average volume of 24,685. The company has a 50 day moving average of $19.62 and a 200-day moving average of $19.79. The stock has a market capitalization of $45.85 million, a PE ratio of 14.08 and a beta of 0.07. First Trust Merger Arbitrage ETF has a 12-month low of $19.18 and a 12-month high of $20.45.

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.