BCGM Wealth Management LLC Has $1.14 Million Stock Position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

BCGM Wealth Management LLC lifted its holdings in shares of First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,741 shares of the company’s stock after purchasing an additional 2,074 shares during the period. BCGM Wealth Management LLC owned 2.46% of First Trust Merger Arbitrage ETF worth $1,143,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MARB. Owen LaRue LLC boosted its holdings in First Trust Merger Arbitrage ETF by 25.3% in the first quarter. Owen LaRue LLC now owns 262,676 shares of the company’s stock valued at $5,201,000 after acquiring an additional 52,974 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of First Trust Merger Arbitrage ETF in the 1st quarter worth approximately $581,000. Clarus Wealth Advisors boosted its stake in shares of First Trust Merger Arbitrage ETF by 12.5% in 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. Midwest Financial Group LLC increased its position in shares of 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, Clear Harbor Asset Management LLC lifted its holdings 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 valued at $744,000 after buying an additional 1,900 shares during the period.

First Trust Merger Arbitrage ETF Trading Down 0.2 %

Shares of MARB opened at $19.66 on Friday. The firm’s fifty day simple moving average is $19.84 and its two-hundred day simple moving average is $19.81. First Trust Merger Arbitrage ETF has a 12 month low of $19.07 and a 12 month high of $20.37. The stock has a market capitalization of $46.20 million, a P/E ratio of 14.08 and a beta of 0.07.

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.