Wolverine Trading LLC Reduces Stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Wolverine Trading LLC lowered its holdings in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 20.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,667 shares of the company’s stock after selling 9,154 shares during the period. Wolverine Trading LLC owned about 1.56% of First Trust Merger Arbitrage ETF worth $727,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MARB. CreativeOne Wealth LLC acquired a new stake in shares of First Trust Merger Arbitrage ETF during the third quarter worth $594,000. Holistic Financial Partners lifted its holdings in shares of First Trust Merger Arbitrage ETF by 2.0% during the 3rd quarter. Holistic Financial Partners now owns 53,234 shares of the company’s stock valued at $1,053,000 after acquiring an additional 1,057 shares in the last quarter. BCGM Wealth Management LLC lifted its stake in shares of First Trust Merger Arbitrage ETF by 3.7% during the third quarter. BCGM Wealth Management LLC now owns 57,741 shares of the company’s stock worth $1,143,000 after purchasing an additional 2,074 shares in the last quarter. Assetmark Inc. boosted its holdings in First Trust Merger Arbitrage ETF by 103.3% in the 3rd quarter. Assetmark Inc. now owns 38,633 shares of the company’s stock worth $765,000 after acquiring an additional 19,626 shares during the period. Finally, 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 purchasing an additional 4,843 shares during the period.

First Trust Merger Arbitrage ETF Trading Up 0.0 %

Shares of NYSEARCA:MARB opened at $19.85 on Friday. The firm has a market cap of $46.65 million, a PE ratio of 14.08 and a beta of 0.07. The company has a fifty day simple moving average of $19.79 and a 200 day simple moving average of $19.83. First Trust Merger Arbitrage ETF has a 12-month low of $19.07 and a 12-month high of $20.37.

First Trust Merger Arbitrage ETF 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.