WealthCare Investment Partners LLC Sells 9,841 Shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

WealthCare Investment Partners LLC reduced its stake in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARBFree Report) by 22.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,638 shares of the company’s stock after selling 9,841 shares during the quarter. WealthCare Investment Partners LLC owned about 0.76% of First Trust Merger Arbitrage ETF worth $671,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MARB. Braun Bostich & Associates Inc. lifted its holdings in First Trust Merger Arbitrage ETF by 183.5% during the 1st quarter. Braun Bostich & Associates Inc. now owns 30,984 shares of the company’s stock valued at $623,000 after purchasing an additional 20,056 shares during the last quarter. OneAscent Financial Services LLC bought a new position in First Trust Merger Arbitrage ETF in the first quarter valued at about $1,351,000. Midwest Financial Group LLC bought a new stake in shares of First Trust Merger Arbitrage ETF during the first quarter worth about $1,169,000. Clear Harbor Asset Management LLC bought a new stake in shares of First Trust Merger Arbitrage ETF during the first quarter worth about $466,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of First Trust Merger Arbitrage ETF in the first quarter worth approximately $1,851,000.

First Trust Merger Arbitrage ETF Price Performance

Shares of First Trust Merger Arbitrage ETF stock traded up $0.02 during midday trading on Tuesday, reaching $20.42. The company had a trading volume of 10,226 shares, compared to its average volume of 45,816. First Trust Merger Arbitrage ETF has a fifty-two week low of $19.53 and a fifty-two week high of $22.32. The stock has a fifty day moving average price of $20.14 and a 200 day moving average price of $20.02. The firm has a market cap of $72.49 million, a PE ratio of 11.47 and a beta of 0.07.

About First Trust Merger Arbitrage ETF

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

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