CreativeOne Wealth LLC Acquires New Holdings in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

CreativeOne Wealth LLC acquired a new stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 29,327 shares of the company’s stock, valued at approximately $581,000. CreativeOne Wealth LLC owned 1.25% of First Trust Merger Arbitrage ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in First Trust Merger Arbitrage ETF during the fourth quarter worth about $4,476,000. Owen LaRue LLC increased its stake in First Trust Merger Arbitrage ETF by 25.3% during the first quarter. Owen LaRue LLC now owns 262,676 shares of the company’s stock worth $5,201,000 after purchasing an additional 52,974 shares during the period. Beacon Financial Advisory LLC increased its stake in First Trust Merger Arbitrage ETF by 243.4% during the fourth quarter. Beacon Financial Advisory LLC now owns 49,302 shares of the company’s stock worth $994,000 after purchasing an additional 34,947 shares during the period. Simplicity Wealth LLC purchased a new stake in First Trust Merger Arbitrage ETF during the first quarter worth about $545,000. Finally, Stratos Wealth Advisors LLC increased its stake in shares of First Trust Merger Arbitrage ETF by 181.7% during the fourth quarter. Stratos Wealth Advisors LLC now owns 39,072 shares of the company’s stock worth $788,000 after buying an additional 25,200 shares during the period.

First Trust Merger Arbitrage ETF Price Performance

Shares of MARB stock traded up $0.04 during trading hours on Friday, reaching $20.00. 4,093 shares of the stock were exchanged, compared to its average volume of 25,004. The business’s fifty day moving average is $19.69 and its two-hundred day moving average is $19.73. First Trust Merger Arbitrage ETF has a 12-month low of $19.07 and a 12-month high of $20.45. The firm has a market capitalization of $47 million, a P/E ratio of 14.08 and a beta of 0.07.

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.