Center For Asset Management LLC Buys Shares of 35,816 First Trust Merger Arbitrage ETF $MARB

Center For Asset Management LLC bought a new stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 35,816 shares of the company’s stock, valued at approximately $739,000. Center For Asset Management LLC owned about 2.05% of First Trust Merger Arbitrage ETF at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MARB. Private Trust Co. NA bought a new position in First Trust Merger Arbitrage ETF in the third quarter valued at about $41,000. CIBC Private Wealth Group LLC bought a new position in First Trust Merger Arbitrage ETF in the third quarter valued at about $85,000. AE Wealth Management LLC bought a new position in First Trust Merger Arbitrage ETF in the third quarter valued at about $107,000. World Equity Group Inc. bought a new position in First Trust Merger Arbitrage ETF in the third quarter valued at about $298,000. Finally, Spire Wealth Management bought a new position in First Trust Merger Arbitrage ETF in the fourth quarter valued at about $310,000.

First Trust Merger Arbitrage ETF Trading Down 1.0%

First Trust Merger Arbitrage ETF stock opened at $20.57 on Wednesday. The company has a market capitalization of $32.91 million, a PE ratio of 20.69 and a beta of 0.03. First Trust Merger Arbitrage ETF has a 12 month low of $19.56 and a 12 month high of $22.33. The stock has a 50-day moving average price of $20.71 and a two-hundred day moving average price of $20.60.

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.