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

Assetmark Inc. decreased its stake in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 84.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,050 shares of the company’s stock after selling 89,252 shares during the quarter. Assetmark Inc. owned approximately 1.42% of First Trust Merger Arbitrage ETF worth $353,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of First Trust Merger Arbitrage ETF by 13.1% in the 4th quarter. LPL Financial LLC now owns 295,464 shares of the company’s stock worth $6,098,000 after buying an additional 34,208 shares during the period. First Trust Advisors LP lifted its stake in First Trust Merger Arbitrage ETF by 26.0% in the fourth quarter. First Trust Advisors LP now owns 80,930 shares of the company’s stock worth $1,670,000 after acquiring an additional 16,721 shares during the period. BCGM Wealth Management LLC grew its holdings in First Trust Merger Arbitrage ETF by 9.0% during the 1st quarter. BCGM Wealth Management LLC now owns 74,727 shares of the company’s stock worth $1,547,000 after acquiring an additional 6,147 shares in the last quarter. RFG Advisory LLC increased its position in First Trust Merger Arbitrage ETF by 74.8% during the 1st quarter. RFG Advisory LLC now owns 52,285 shares of the company’s stock valued at $1,082,000 after purchasing an additional 22,378 shares during the period. Finally, Citadel Advisors LLC purchased a new position in First Trust Merger Arbitrage ETF during the 3rd quarter valued at about $832,000.

First Trust Merger Arbitrage ETF Stock Performance

NYSEARCA:MARB opened at $21.00 on Monday. The firm has a 50-day simple moving average of $20.95 and a 200-day simple moving average of $20.81. First Trust Merger Arbitrage ETF has a one year low of $19.75 and a one year high of $22.89. The firm has a market cap of $25.21 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.