Coppell Advisory Solutions LLC Increases Holdings in First Trust Merger Arbitrage ETF $MARB

Coppell Advisory Solutions LLC increased its position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 36.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,466 shares of the company’s stock after buying an additional 29,464 shares during the quarter. Coppell Advisory Solutions LLC owned 6.69% of First Trust Merger Arbitrage ETF worth $2,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. TFB Advisors LLC bought a new stake in shares of First Trust Merger Arbitrage ETF in the 2nd quarter worth approximately $207,000. RFG Advisory LLC bought a new stake in First Trust Merger Arbitrage ETF in the second quarter worth $327,000. Cetera Investment Advisers boosted its position in First Trust Merger Arbitrage ETF by 29.5% during the first quarter. Cetera Investment Advisers now owns 19,094 shares of the company’s stock valued at $381,000 after buying an additional 4,350 shares during the period. CreativeOne Wealth LLC grew its stake in shares of First Trust Merger Arbitrage ETF by 28.2% during the first quarter. CreativeOne Wealth LLC now owns 45,375 shares of the company’s stock valued at $906,000 after buying an additional 9,983 shares during the last quarter. Finally, Simplicity Wealth LLC grew its stake in shares of 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 buying an additional 24,026 shares during the last quarter.

First Trust Merger Arbitrage ETF Price Performance

MARB opened at $20.56 on Friday. The firm has a market cap of $33.92 million, a price-to-earnings ratio of 20.69 and a beta of 0.03. The stock’s 50 day simple moving average is $20.51 and its 200 day simple moving average is $20.53. First Trust Merger Arbitrage ETF has a 1 year low of $19.49 and a 1 year high of $22.33.

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.