NBC Securities Inc. Trims Stock Position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

NBC Securities Inc. cut its stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 30.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,858 shares of the company’s stock after selling 1,281 shares during the period. NBC Securities Inc.’s holdings in First Trust Merger Arbitrage ETF were worth $57,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Securities Inc. acquired a new stake in shares of First Trust Merger Arbitrage ETF during the fourth quarter worth $182,000. AlphaMark Advisors LLC boosted its holdings in First Trust Merger Arbitrage ETF by 155.6% in the 4th quarter. AlphaMark Advisors LLC now owns 10,225 shares of the company’s stock valued at $206,000 after purchasing an additional 6,225 shares in the last quarter. Assetmark Inc. increased its position in First Trust Merger Arbitrage ETF by 263.7% during the 3rd quarter. Assetmark Inc. now owns 12,428 shares of the company’s stock worth $250,000 after purchasing an additional 9,011 shares during the period. Park Avenue Securities LLC purchased a new position in shares of First Trust Merger Arbitrage ETF during the 3rd quarter worth approximately $273,000. Finally, Advisors Preferred LLC acquired a new stake in shares of First Trust Merger Arbitrage ETF in the 3rd quarter valued at approximately $427,000.

First Trust Merger Arbitrage ETF Price Performance

Shares of MARB stock opened at $19.61 on Friday. First Trust Merger Arbitrage ETF has a 1-year low of $19.18 and a 1-year high of $20.45. The business’s fifty day moving average price is $19.68 and its 200 day moving average price is $19.88. The firm has a market capitalization of $46.08 million, a PE ratio of 14.08 and a beta of 0.07.

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.