OneAscent Wealth Management LLC Has $232,000 Stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

OneAscent Wealth Management LLC decreased its position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 70.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,716 shares of the company’s stock after selling 27,826 shares during the quarter. OneAscent Wealth Management LLC owned about 0.51% of First Trust Merger Arbitrage ETF worth $232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. grew its position in First Trust Merger Arbitrage ETF by 138.9% during the first quarter. NBC Securities Inc. now owns 6,828 shares of the company’s stock worth $135,000 after buying an additional 3,970 shares in the last quarter. Principal Securities Inc. acquired a new stake in First Trust Merger Arbitrage ETF during the fourth quarter worth approximately $182,000. Advisory Services Network LLC acquired a new stake in First Trust Merger Arbitrage ETF during the fourth quarter worth approximately $192,000. AlphaMark Advisors LLC grew its position in First Trust Merger Arbitrage ETF by 155.6% during the fourth quarter. AlphaMark Advisors LLC now owns 10,225 shares of the company’s stock worth $206,000 after buying an additional 6,225 shares in the last quarter. Finally, Clarus Wealth Advisors acquired a new stake in First Trust Merger Arbitrage ETF during the first quarter worth approximately $215,000.

First Trust Merger Arbitrage ETF Price Performance

Shares of NYSEARCA:MARB opened at $19.59 on Friday. The company has a market capitalization of $46.04 million, a P/E ratio of 14.08 and a beta of 0.07. First Trust Merger Arbitrage ETF has a 1 year low of $19.18 and a 1 year high of $20.45. The business’s 50 day simple moving average is $19.62 and its 200 day simple moving average is $19.79.

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.