Assetmark Inc. Reduces Position in First Trust Merger Arbitrage ETF $MARB

Assetmark Inc. decreased its holdings in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 84.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,050 shares of the company’s stock after selling 89,252 shares during the period. Assetmark Inc.’s holdings in First Trust Merger Arbitrage ETF were worth $353,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Center For Asset Management LLC acquired a new position in shares of First Trust Merger Arbitrage ETF during the 4th quarter worth approximately $739,000. Spire Wealth Management acquired a new stake in shares of First Trust Merger Arbitrage ETF in the fourth quarter valued at approximately $310,000. Cetera Investment Advisers increased its holdings in shares of First Trust Merger Arbitrage ETF by 19.5% in the fourth quarter. Cetera Investment Advisers now owns 25,271 shares of the company’s stock valued at $522,000 after purchasing an additional 4,118 shares during the last quarter. CreativeOne Wealth LLC lifted its position in First Trust Merger Arbitrage ETF by 2.9% during the fourth quarter. CreativeOne Wealth LLC now owns 21,235 shares of the company’s stock worth $438,000 after buying an additional 604 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in First Trust Merger Arbitrage ETF by 19.3% during the second quarter. Osaic Holdings Inc. now owns 18,209 shares of the company’s stock worth $371,000 after buying an additional 2,948 shares in the last quarter.

First Trust Merger Arbitrage ETF Stock Performance

NYSEARCA MARB opened at $21.00 on Monday. The stock’s fifty day moving average is $20.95 and its two-hundred day moving average is $20.81. The firm has a market capitalization of $25.21 million, a P/E ratio of 20.69 and a beta of 0.03. First Trust Merger Arbitrage ETF has a fifty-two week low of $19.75 and a fifty-two week high of $22.89.

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.