Simplicity Wealth LLC Sells 35,342 Shares of First Trust Merger Arbitrage ETF $MARB

Simplicity Wealth LLC decreased its position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 77.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,578 shares of the company’s stock after selling 35,342 shares during the quarter. Simplicity Wealth LLC owned 0.64% of First Trust Merger Arbitrage ETF worth $215,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Private Trust Co. NA acquired a new stake in shares of First Trust Merger Arbitrage ETF in the third quarter valued at $41,000. TFB Advisors LLC bought a new stake in First Trust Merger Arbitrage ETF during the 2nd quarter worth about $207,000. World Equity Group Inc. bought a new stake in First Trust Merger Arbitrage ETF during the 3rd quarter worth about $298,000. RFG Advisory LLC acquired a new stake in First Trust Merger Arbitrage ETF in the 2nd quarter valued at about $327,000. Finally, Osaic Holdings Inc. raised its stake in shares of First Trust Merger Arbitrage ETF by 19.3% in the second quarter. Osaic Holdings Inc. now owns 18,209 shares of the company’s stock worth $371,000 after acquiring an additional 2,948 shares during the last quarter.

First Trust Merger Arbitrage ETF Price Performance

MARB opened at $20.70 on Tuesday. The company’s 50 day simple moving average is $20.66 and its 200-day simple moving average is $20.60. First Trust Merger Arbitrage ETF has a one year low of $19.49 and a one year high of $22.33. The stock has a market capitalization of $38.30 million, a P/E ratio of 20.69 and a beta of 0.03.

About First Trust Merger Arbitrage ETF

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.