Assetmark Inc. Buys 19,626 Shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Assetmark Inc. grew its holdings in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 103.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,633 shares of the company’s stock after purchasing an additional 19,626 shares during the period. Assetmark Inc. owned approximately 1.64% of First Trust Merger Arbitrage ETF worth $765,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Clarus Wealth Advisors grew its position in 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 last quarter. AE Wealth Management LLC grew its holdings 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 purchasing an additional 4,843 shares in the last quarter. Wedbush Securities Inc. boosted its stake in First Trust Merger Arbitrage ETF by 15.2% during 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 period. CreativeOne Wealth LLC purchased a new position in First Trust Merger Arbitrage ETF during the first quarter worth $581,000. Finally, Clear Harbor Asset Management LLC boosted its stake in shares of 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 purchasing an additional 1,900 shares during the period.

First Trust Merger Arbitrage ETF Stock Performance

Shares of First Trust Merger Arbitrage ETF stock opened at $19.66 on Friday. First Trust Merger Arbitrage ETF has a one year low of $19.07 and a one year high of $20.37. The company has a market capitalization of $46.20 million, a PE ratio of 14.08 and a beta of 0.07. The company has a 50-day simple moving average of $19.84 and a two-hundred day simple moving average of $19.80.

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.