New York Life Investment Management LLC Raises Stake in IQ Merger Arbitrage ETF (NYSEARCA:MNA)

New York Life Investment Management LLC raised its holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 20.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,076,145 shares of the company’s stock after purchasing an additional 184,022 shares during the quarter. New York Life Investment Management LLC owned about 12.51% of IQ Merger Arbitrage ETF worth $34,006,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SageView Advisory Group LLC lifted its holdings in shares of IQ Merger Arbitrage ETF by 1,344.3% during the fourth quarter. SageView Advisory Group LLC now owns 459,813 shares of the company’s stock worth $14,443,000 after purchasing an additional 427,976 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of IQ Merger Arbitrage ETF by 69.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 473,974 shares of the company’s stock valued at $14,973,000 after acquiring an additional 194,374 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of IQ Merger Arbitrage ETF by 58.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 201,929 shares of the company’s stock valued at $6,357,000 after acquiring an additional 74,137 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of IQ Merger Arbitrage ETF during the fourth quarter worth about $1,878,000. Finally, Avestar Capital LLC lifted its position in IQ Merger Arbitrage ETF by 20.3% in the fourth quarter. Avestar Capital LLC now owns 116,458 shares of the company’s stock valued at $3,699,000 after purchasing an additional 19,674 shares during the period.

IQ Merger Arbitrage ETF Trading Down 0.2 %

Shares of MNA opened at $32.70 on Friday. The stock’s 50 day moving average is $32.23 and its two-hundred day moving average is $31.58. IQ Merger Arbitrage ETF has a twelve month low of $30.36 and a twelve month high of $32.84. The firm has a market capitalization of $281.22 million, a PE ratio of 17.60 and a beta of 0.15.

IQ Merger Arbitrage ETF Profile

The IQ Merger Arbitrage ETF (MNA) is an exchange-traded fund that is based on the IQ Merger Arbitrage index. The fund tracks an index that uses a merger arbitrage strategy with long exposure to takeover targets and short exposure to broad global equity indexes. MNA was launched on Nov 17, 2009 and is managed by IndexIQ.