First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Stock Position Reduced by AlphaMark Advisors LLC

AlphaMark Advisors LLC decreased its stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 41.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,950 shares of the company’s stock after selling 4,275 shares during the quarter. AlphaMark Advisors LLC’s holdings in First Trust Merger Arbitrage ETF were worth $118,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Holistic Financial Partners increased its holdings in First Trust Merger Arbitrage ETF by 1.0% in the fourth quarter. Holistic Financial Partners now owns 55,747 shares of the company’s stock worth $1,124,000 after buying an additional 550 shares during the last quarter. Quaker Wealth Management LLC grew its position in First Trust Merger Arbitrage ETF by 2.2% in the fourth quarter. Quaker Wealth Management LLC now owns 30,811 shares of the company’s stock worth $621,000 after acquiring an additional 666 shares in the last quarter. Midwest Financial Group LLC increased its stake in shares of First Trust Merger Arbitrage ETF by 1.1% during the 1st quarter. Midwest Financial Group LLC now owns 62,881 shares of the company’s stock worth $1,245,000 after purchasing an additional 700 shares during the last quarter. Clear Harbor Asset Management LLC raised its holdings in shares of 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 purchasing an additional 1,033 shares in the last quarter. Finally, Owen LaRue LLC lifted its stake in shares of First Trust Merger Arbitrage ETF by 0.8% in the 4th quarter. Owen LaRue LLC now owns 209,702 shares of the company’s stock valued at $4,228,000 after purchasing an additional 1,574 shares during the last quarter.

First Trust Merger Arbitrage ETF Trading Up 0.5 %

First Trust Merger Arbitrage ETF stock traded up $0.09 during mid-day trading on Monday, hitting $19.68. 9,675 shares of the company’s stock were exchanged, compared to its average volume of 26,319. First Trust Merger Arbitrage ETF has a 1-year low of $19.18 and a 1-year high of $20.45. The stock has a 50 day moving average of $19.62 and a two-hundred day moving average of $19.78. The stock has a market cap of $46.25 million, a P/E ratio of 14.08 and a beta of 0.07.

About First Trust Merger Arbitrage ETF

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.