Holistic Financial Partners Trims Stock Position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Holistic Financial Partners lowered its holdings in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 11.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,315 shares of the company’s stock after selling 5,919 shares during the quarter. Holistic Financial Partners owned approximately 2.01% of First Trust Merger Arbitrage ETF worth $941,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CreativeOne Wealth LLC purchased a new stake in First Trust Merger Arbitrage ETF in the 3rd quarter worth approximately $594,000. Assetmark Inc. increased its holdings in First Trust Merger Arbitrage ETF by 103.3% in the 3rd quarter. Assetmark Inc. now owns 38,633 shares of the company’s stock worth $765,000 after acquiring an additional 19,626 shares in the last quarter. Clear Harbor Asset Management LLC increased its holdings in First Trust Merger Arbitrage ETF by 7.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 40,994 shares of the company’s stock worth $815,000 after acquiring an additional 3,000 shares in the last quarter. Jane Street Group LLC grew its holdings in First Trust Merger Arbitrage ETF by 112.7% during the 3rd quarter. Jane Street Group LLC now owns 42,105 shares of the company’s stock valued at $833,000 after buying an additional 22,307 shares in the last quarter. Finally, BCGM Wealth Management LLC grew its holdings in First Trust Merger Arbitrage ETF by 3.7% during the 3rd quarter. BCGM Wealth Management LLC now owns 57,741 shares of the company’s stock valued at $1,143,000 after buying an additional 2,074 shares in the last quarter.

First Trust Merger Arbitrage ETF Price Performance

Shares of MARB opened at $19.99 on Monday. First Trust Merger Arbitrage ETF has a 1 year low of $19.07 and a 1 year high of $20.68. The company has a 50 day simple moving average of $19.87 and a two-hundred day simple moving average of $19.87. The firm has a market cap of $28.99 million, a P/E ratio of 18.56 and a beta of 0.08.

About First Trust Merger Arbitrage ETF

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.