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MARB - First Trust Merger Arbitrage ETF

Stock Price: $19.69 USD -0.01 (-0.06%)
Updated Apr 21, 2021 4:00 PM EDT - Market closed
After-hours: $19.69 0.00 (0.00%) Apr 21, 8:00 PM
Assets $12.80M
NAV $19.69
Expense Ratio 2.30%
PE Ratio 28.56
Beta (5Y) -0.16
Dividend (ttm) n/a
Dividend Yield n/a
Ex-Dividend Date n/a
1-Year Return -
Trading Day April 21
Last Price $19.69
Previous Close $19.70
Change ($) -0.01
Change (%) -0.06%
Day's Open 19.99
Day's Range 19.68 - 19.73
Day's Volume 2,907
52-Week Range 18.06 - 19.94

Fund Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.

Asset Class
Equity
Inception Date
Feb 4, 2020
Exchange
NYSEARCA
Ticker Symbol
MARB

Top 10 Holdings

115.09% of assets
NameSymbolWeight
Us Dollarsn/a65.35%
Willis Towers WatsonWLTW9.30%
RealPageRP7.62%
Slack TechnologiesWORK6.04%
Watford HoldingsWTRE5.51%
FBL Financial GroupFFG5.01%
Oaktree Specialty LendingOCSL4.53%
Maxim IntegratedMXIM4.41%
PNM ResourcesPNM3.67%
FLIR SystemsFLIR3.64%
View More Holdings

News

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As businesses look to reopen around the globe following the Covid-19 pandemic, the mergers and acquisitions (M&A) industry is not immune to its own set of changes. However, industry experts are saying t...

Other tickers mentioned: MNA, MRGR
9 months ago - ETF Trends

First Trust Advisors L.P., a leading ETF provider and asset manager, announced today that it has launched the First Trust Merger Arbitrage ETF (NYSE Arca: MARB).

1 year ago - ETF Trends