First Trust Merger Arbitrage ETF (MARB)
First Trust Merger Arbitrage ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $21.09, up 1.35% on the session, giving a market capitalisation of $39.8M. Its beta of 0.04 implies it has historically moved less than the broad market.
The First Trust Merger Arbitrage ETF's investment objective is to seek 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.
First Trust Merger Arbitrage ETF is most often compared with the following Financial Services names: