First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Position Trimmed by Harbour Investments Inc.

Harbour Investments Inc. decreased its position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 66.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,196 shares of the company’s stock after selling 6,436 shares during the period. Harbour Investments Inc. owned about 0.19% of First Trust Merger Arbitrage ETF worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MARB. Coppell Advisory Solutions LLC boosted its stake in First Trust Merger Arbitrage ETF by 309.9% in the 4th quarter. Coppell Advisory Solutions LLC now owns 6,488 shares of the company’s stock worth $129,000 after purchasing an additional 4,905 shares during the period. Citadel Advisors LLC purchased a new stake in First Trust Merger Arbitrage ETF in the 4th quarter worth approximately $201,000. World Investment Advisors purchased a new stake in First Trust Merger Arbitrage ETF in the 1st quarter worth approximately $272,000. Cetera Investment Advisers lifted its position in First Trust Merger Arbitrage ETF by 29.5% in the 1st quarter. Cetera Investment Advisers now owns 19,094 shares of the company’s stock worth $381,000 after buying an additional 4,350 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new stake in First Trust Merger Arbitrage ETF in the 1st quarter worth approximately $437,000.

First Trust Merger Arbitrage ETF Stock Down 0.0%

MARB stock opened at $20.72 on Friday. First Trust Merger Arbitrage ETF has a 12-month low of $19.12 and a 12-month high of $22.33. The company has a market cap of $34.19 million, a price-to-earnings ratio of 20.69 and a beta of 0.07. The company has a 50 day moving average of $20.46 and a two-hundred day moving average of $20.13.

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.