Clear Harbor Asset Management LLC Grows Stock Position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Clear Harbor Asset Management LLC boosted its position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,994 shares of the company’s stock after buying an additional 3,000 shares during the period. Clear Harbor Asset Management LLC owned approximately 1.74% of First Trust Merger Arbitrage ETF worth $815,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC boosted its stake in shares of First Trust Merger Arbitrage ETF by 47.2% in 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 in the last quarter. CreativeOne Wealth LLC acquired a new stake in First Trust Merger Arbitrage ETF in the third quarter valued at $594,000. 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 worth $765,000 after purchasing an additional 19,626 shares in the last quarter. Jane Street Group LLC grew its stake in shares of 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 worth $833,000 after purchasing an additional 22,307 shares during the period. Finally, Holistic Financial Partners increased its holdings in shares of First Trust Merger Arbitrage ETF by 2.0% in the 3rd quarter. Holistic Financial Partners now owns 53,234 shares of the company’s stock valued at $1,053,000 after purchasing an additional 1,057 shares in the last quarter.

First Trust Merger Arbitrage ETF Stock Down 0.1 %

Shares of NYSEARCA MARB opened at $19.87 on Wednesday. The stock has a market capitalization of $46.69 million, a price-to-earnings ratio of 14.08 and a beta of 0.07. First Trust Merger Arbitrage ETF has a 52 week low of $19.07 and a 52 week high of $20.68. The firm has a 50-day moving average price of $19.80 and a 200 day moving average price of $19.87.

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.