38,435 Shares in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Purchased by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC purchased a new stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB – Get Rating) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 38,435 shares of the company’s stock, valued at approximately $775,000.

A number of other large investors also recently bought and sold shares of MARB. Bullseye Investment Management LLC purchased a new stake in shares of First Trust Merger Arbitrage ETF during the 3rd quarter worth about $6,943,000. Mainstay Capital Management LLC ADV raised its holdings in First Trust Merger Arbitrage ETF by 113.3% in the 3rd quarter. Mainstay Capital Management LLC ADV now owns 636,735 shares of the company’s stock worth $12,792,000 after purchasing an additional 338,155 shares during the period. Envestnet Asset Management Inc. boosted its position in First Trust Merger Arbitrage ETF by 274.2% during the third quarter. Envestnet Asset Management Inc. now owns 138,895 shares of the company’s stock worth $2,790,000 after purchasing an additional 101,782 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in First Trust Merger Arbitrage ETF in the fourth quarter valued at approximately $1,509,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of First Trust Merger Arbitrage ETF in the third quarter valued at approximately $1,248,000.

First Trust Merger Arbitrage ETF Stock Performance

First Trust Merger Arbitrage ETF stock opened at $19.85 on Friday. The stock has a market capitalization of $97.27 million, a P/E ratio of 11.47 and a beta of 0.08. The company’s fifty day moving average price is $20.06 and its 200 day moving average price is $20.15. First Trust Merger Arbitrage ETF has a 1 year low of $19.45 and a 1 year high of $22.32.

First Trust Merger Arbitrage ETF Profile

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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.