CreativeOne Wealth LLC Invests $594,000 in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

CreativeOne Wealth LLC acquired a new stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,010 shares of the company’s stock, valued at approximately $594,000. CreativeOne Wealth LLC owned approximately 1.28% of First Trust Merger Arbitrage ETF at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. 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 worth $1,053,000 after acquiring an additional 1,057 shares in the last quarter. Clarus Wealth Advisors grew its position in shares of First Trust Merger Arbitrage ETF by 12.5% in the 2nd quarter. Clarus Wealth Advisors now owns 12,221 shares of the company’s stock worth $241,000 after buying an additional 1,356 shares during the last quarter. FAS Wealth Partners Inc. raised its stake in shares of First Trust Merger Arbitrage ETF by 4.2% during the 2nd quarter. FAS Wealth Partners Inc. now owns 40,003 shares of the company’s stock worth $784,000 after acquiring an additional 1,612 shares in the last quarter. Clear Harbor Asset Management LLC lifted its position in First Trust Merger Arbitrage ETF by 5.3% during the second quarter. Clear Harbor Asset Management LLC now owns 37,994 shares of the company’s stock valued at $744,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Midwest Financial Group LLC boosted its stake in First Trust Merger Arbitrage ETF by 3.1% in the second quarter. Midwest Financial Group LLC now owns 64,853 shares of the company’s stock valued at $1,270,000 after acquiring an additional 1,972 shares in the last quarter.

First Trust Merger Arbitrage ETF Trading Up 0.1 %

NYSEARCA MARB opened at $19.82 on Friday. The firm’s fifty day simple moving average is $19.80 and its two-hundred day simple moving average is $19.82. The firm has a market capitalization of $46.57 million, a P/E 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 $20.37.

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.