Assetmark Inc. Cuts Holdings in First Trust Merger Arbitrage ETF $MARB

Assetmark Inc. reduced its holdings in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 31.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,176 shares of the company’s stock after selling 28,906 shares during the quarter. Assetmark Inc. owned about 3.89% of First Trust Merger Arbitrage ETF worth $1,303,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MARB. Coppell Advisory Solutions LLC lifted its holdings in First Trust Merger Arbitrage ETF by 36.4% in the second quarter. Coppell Advisory Solutions LLC now owns 110,466 shares of the company’s stock valued at $2,249,000 after acquiring an additional 29,464 shares during the period. TFB Advisors LLC acquired a new position in shares of First Trust Merger Arbitrage ETF during the 2nd quarter worth $207,000. BCGM Wealth Management LLC increased its holdings in shares of First Trust Merger Arbitrage ETF by 1.9% in the 2nd quarter. BCGM Wealth Management LLC now owns 63,151 shares of the company’s stock valued at $1,291,000 after purchasing an additional 1,190 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of First Trust Merger Arbitrage ETF by 19.3% in the 2nd quarter. Osaic Holdings Inc. now owns 18,209 shares of the company’s stock valued at $371,000 after purchasing an additional 2,948 shares in the last quarter. Finally, RFG Advisory LLC lifted its stake in shares of First Trust Merger Arbitrage ETF by 54.0% in the third quarter. RFG Advisory LLC now owns 24,668 shares of the company’s stock valued at $501,000 after purchasing an additional 8,654 shares during the period.

First Trust Merger Arbitrage ETF Trading Down 0.1%

MARB stock opened at $20.71 on Friday. The company’s 50-day moving average price is $20.67 and its 200 day moving average price is $20.61. First Trust Merger Arbitrage ETF has a 52 week low of $19.49 and a 52 week high of $22.33. The company has a market cap of $39.35 million, a P/E ratio of 20.69 and a beta of 0.03.

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.