Stratos Wealth Advisors LLC Lowers Holdings in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Stratos Wealth Advisors LLC reduced its stake in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,177 shares of the company’s stock after selling 2,039 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in First Trust Merger Arbitrage ETF were worth $1,013,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Private Advisor Group LLC grew its stake in shares of First Trust Merger Arbitrage ETF by 1.5% during the 1st quarter. Private Advisor Group LLC now owns 225,248 shares of the company’s stock worth $4,460,000 after purchasing an additional 3,238 shares during the period. Wedbush Securities Inc. grew 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 buying an additional 2,470 shares during the period. NBC Securities Inc. increased its holdings in First Trust Merger Arbitrage ETF by 138.9% in the first quarter. NBC Securities Inc. now owns 6,828 shares of the company’s stock valued at $135,000 after buying an additional 3,970 shares in the last quarter. Clear Harbor Asset Management LLC raised its position in shares of 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 acquiring an additional 1,900 shares during the period. Finally, AE Wealth Management LLC boosted its stake in shares of First Trust Merger Arbitrage ETF by 47.2% during the 2nd quarter. AE Wealth Management LLC now owns 15,093 shares of the company’s stock worth $296,000 after acquiring an additional 4,843 shares in the last quarter.

First Trust Merger Arbitrage ETF Stock Up 0.1 %

NYSEARCA:MARB opened at $19.93 on Monday. First Trust Merger Arbitrage ETF has a 52 week low of $19.07 and a 52 week high of $20.37. The stock’s 50-day moving average price is $19.96 and its 200-day moving average price is $19.79. The stock 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.