Assetmark Inc. Buys 42,126 Shares of First Trust Merger Arbitrage ETF $MARB

Assetmark Inc. increased its stake in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 65.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 106,302 shares of the company’s stock after purchasing an additional 42,126 shares during the quarter. Assetmark Inc. owned 6.07% of First Trust Merger Arbitrage ETF worth $2,194,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MARB. Citadel Advisors LLC purchased a new stake in First Trust Merger Arbitrage ETF in the third quarter worth $832,000. Center For Asset Management LLC bought a new stake in shares of First Trust Merger Arbitrage ETF in the 4th quarter valued at about $739,000. Spire Wealth Management bought a new position in First Trust Merger Arbitrage ETF in the fourth quarter worth approximately $310,000. World Equity Group Inc. bought a new position in shares of First Trust Merger Arbitrage ETF in the 3rd quarter worth $298,000. Finally, RFG Advisory LLC raised its holdings in 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 worth $501,000 after purchasing an additional 8,654 shares in the last quarter.

First Trust Merger Arbitrage ETF Price Performance

NYSEARCA:MARB opened at $20.83 on Tuesday. First Trust Merger Arbitrage ETF has a 52 week low of $19.61 and a 52 week high of $22.33. The firm has a 50 day moving average of $20.73 and a 200 day moving average of $20.63. The stock has a market capitalization of $25.00 million, a price-to-earnings 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.