First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Shares Purchased by Midwest Financial Group LLC

Midwest Financial Group LLC grew its holdings in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,606 shares of the company’s stock after acquiring an additional 934 shares during the period. Midwest Financial Group LLC owned about 2.83% of First Trust Merger Arbitrage ETF worth $1,324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MARB. World Investment Advisors LLC purchased a new position in First Trust Merger Arbitrage ETF in the 3rd quarter valued at about $1,494,000. BCGM Wealth Management LLC grew its stake in First Trust Merger Arbitrage ETF by 3.7% during the 3rd quarter. BCGM Wealth Management LLC now owns 57,741 shares of the company’s stock valued at $1,143,000 after purchasing an additional 2,074 shares in the last quarter. Holistic Financial Partners raised its position in shares of First Trust Merger Arbitrage ETF by 2.0% in the 3rd quarter. Holistic Financial Partners now owns 53,234 shares of the company’s stock valued at $1,053,000 after purchasing an additional 1,057 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of First Trust Merger Arbitrage ETF by 112.7% during the 3rd quarter. Jane Street Group LLC now owns 42,105 shares of the company’s stock valued at $833,000 after buying an additional 22,307 shares during the last quarter. Finally, Clear Harbor Asset Management LLC grew its position in shares of First Trust Merger Arbitrage ETF by 7.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 40,994 shares of the company’s stock worth $815,000 after buying an additional 3,000 shares in the last quarter.

First Trust Merger Arbitrage ETF Price Performance

MARB opened at $19.97 on Friday. The stock has a market capitalization of $46.92 million, a PE ratio of 14.08 and a beta of 0.07. First Trust Merger Arbitrage ETF has a 12-month low of $19.07 and a 12-month high of $20.68. The firm’s fifty day moving average price is $19.82 and its 200 day moving average price is $19.87.

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.