BCGM Wealth Management LLC Grows Position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

BCGM Wealth Management LLC grew its holdings in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 3.7% in the third quarter, Holdings Channel.com reports. The firm owned 57,741 shares of the company’s stock after buying an additional 2,074 shares during the period. BCGM Wealth Management LLC’s holdings in First Trust Merger Arbitrage ETF were worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of MARB. Clarus Wealth Advisors raised its stake in shares of First Trust Merger Arbitrage ETF by 12.5% during the 2nd quarter. Clarus Wealth Advisors now owns 12,221 shares of the company’s stock valued at $241,000 after purchasing an additional 1,356 shares during the period. AE Wealth Management LLC increased its position in shares of First Trust Merger Arbitrage ETF by 47.2% during the second 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. lifted its holdings 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 in the last quarter. CreativeOne Wealth LLC bought a new position in shares of First Trust Merger Arbitrage ETF in the first quarter valued at approximately $581,000. Finally, Clear Harbor Asset Management LLC grew its stake in First Trust Merger Arbitrage ETF by 5.3% during the second quarter. Clear Harbor Asset Management LLC now owns 37,994 shares of the company’s stock valued at $744,000 after acquiring an additional 1,900 shares in the last quarter.

First Trust Merger Arbitrage ETF Price Performance

NYSEARCA MARB opened at $19.66 on Friday. The company’s 50 day simple moving average is $19.84 and its two-hundred day simple moving average is $19.81. First Trust Merger Arbitrage ETF has a 1 year low of $19.07 and a 1 year high of $20.37. The stock has a market capitalization of $46.20 million, a PE 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.