MARB - First Trust Merger Arbitrage ETF
| 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| Name | Symbol | Weight |
|---|---|---|
| Us Dollars | n/a | 65.35% |
| Willis Towers Watson | WLTW | 9.30% |
| RealPage | RP | 7.62% |
| Slack Technologies | WORK | 6.04% |
| Watford Holdings | WTRE | 5.51% |
| FBL Financial Group | FFG | 5.01% |
| Oaktree Specialty Lending | OCSL | 4.53% |
| Maxim Integrated | MXIM | 4.41% |
| PNM Resources | PNM | 3.67% |
| FLIR Systems | FLIR | 3.64% |
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...
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).