SMART Wealth LLC Sells 4,655 Shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

SMART Wealth LLC trimmed its position in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 23.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,513 shares of the company’s stock after selling 4,655 shares during the period. SMART Wealth LLC owned approximately 0.66% of First Trust Merger Arbitrage ETF worth $307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. AE Wealth Management LLC boosted its position in First Trust Merger Arbitrage ETF by 47.2% in the 2nd quarter. AE Wealth Management LLC now owns 15,093 shares of the company’s stock valued at $296,000 after buying an additional 4,843 shares during the period. Wedbush Securities Inc. boosted its stake in shares of First Trust Merger Arbitrage ETF by 15.2% in the second quarter. Wedbush Securities Inc. now owns 18,760 shares of the company’s stock worth $368,000 after buying an additional 2,470 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in First Trust Merger Arbitrage ETF during the third quarter valued at $594,000. Assetmark Inc. raised its stake in shares of First Trust Merger Arbitrage ETF by 103.3% during the 3rd quarter. Assetmark Inc. now owns 38,633 shares of the company’s stock worth $765,000 after buying an additional 19,626 shares during the period. Finally, FAS Wealth Partners Inc. increased its stake in First Trust Merger Arbitrage ETF by 4.2% during the 2nd quarter. FAS Wealth Partners Inc. now owns 40,003 shares of the company’s stock worth $784,000 after buying an additional 1,612 shares in the last quarter.

First Trust Merger Arbitrage ETF Price Performance

MARB opened at $19.75 on Monday. The company’s 50 day simple moving average is $19.79 and its two-hundred day simple moving average is $19.83. First Trust Merger Arbitrage ETF has a 1-year low of $19.07 and a 1-year high of $20.37. The firm has a market capitalization of $46.41 million, a price-to-earnings ratio of 14.08 and a beta of 0.07.

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.