World Investment Advisors LLC Invests $1.49 Million in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

World Investment Advisors LLC bought a new stake in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 75,479 shares of the company’s stock, valued at approximately $1,494,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MARB. BCGM Wealth Management LLC grew its position in shares of First Trust Merger Arbitrage ETF by 3.7% during the third quarter. BCGM Wealth Management LLC now owns 57,741 shares of the company’s stock valued at $1,143,000 after purchasing an additional 2,074 shares in the last quarter. Holistic Financial Partners grew its holdings in First Trust Merger Arbitrage ETF by 2.0% during the 3rd quarter. Holistic Financial Partners now owns 53,234 shares of the company’s stock valued at $1,053,000 after buying an additional 1,057 shares in the last quarter. Jane Street Group LLC increased its stake in First Trust Merger Arbitrage ETF by 112.7% in the 3rd quarter. Jane Street Group LLC now owns 42,105 shares of the company’s stock worth $833,000 after acquiring an additional 22,307 shares during the last quarter. FAS Wealth Partners Inc. raised its holdings in shares of 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 acquiring an additional 1,612 shares in the last quarter. Finally, Assetmark Inc. boosted its position 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 valued at $765,000 after acquiring an additional 19,626 shares during the last quarter.

First Trust Merger Arbitrage ETF Stock Performance

MARB stock opened at $19.75 on Friday. The firm has a fifty day moving average price of $19.79 and a 200 day moving average price of $19.83. First Trust Merger Arbitrage ETF has a fifty-two week low of $19.07 and a fifty-two week high of $20.37. The firm has a market cap of $46.41 million, a PE ratio of 14.08 and a beta of 0.07.

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.