Stratos Wealth Advisors LLC Sells 2,039 Shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Stratos Wealth Advisors LLC cut its holdings in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,177 shares of the company’s stock after selling 2,039 shares during the period. Stratos Wealth Advisors LLC owned about 2.18% of First Trust Merger Arbitrage ETF worth $1,013,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Clarus Wealth Advisors increased its stake in First Trust Merger Arbitrage ETF by 12.5% during the second quarter. Clarus Wealth Advisors now owns 12,221 shares of the company’s stock worth $241,000 after acquiring an additional 1,356 shares during the last quarter. FAS Wealth Partners Inc. lifted its position in First Trust Merger Arbitrage ETF by 4.2% in the second quarter. FAS Wealth Partners Inc. now owns 40,003 shares of the company’s stock worth $784,000 after buying an additional 1,612 shares during the last quarter. Clear Harbor Asset Management LLC lifted its position in First Trust Merger Arbitrage ETF by 5.3% in the second quarter. Clear Harbor Asset Management LLC now owns 37,994 shares of the company’s stock worth $744,000 after buying an additional 1,900 shares during the last quarter. Midwest Financial Group LLC boosted its stake in First Trust Merger Arbitrage ETF by 3.1% during the second quarter. Midwest Financial Group LLC now owns 64,853 shares of the company’s stock worth $1,270,000 after buying an additional 1,972 shares during the period. Finally, Wedbush Securities Inc. increased its position 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 valued at $368,000 after acquiring an additional 2,470 shares during the last quarter.

First Trust Merger Arbitrage ETF Trading Up 0.1 %

First Trust Merger Arbitrage ETF stock opened at $19.93 on Monday. First Trust Merger Arbitrage ETF has a 12-month low of $19.07 and a 12-month high of $20.37. The firm has a 50-day moving average price of $19.96 and a 200-day moving average price of $19.79. The firm has a market capitalization of $46.84 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.