IQ Merger Arbitrage ETF (NYSEARCA:MNA) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC cut its stake in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,335,576 shares of the company’s stock after selling 49,938 shares during the period. New York Life Investment Management LLC owned 8.79% of IQ Merger Arbitrage ETF worth $41,950,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Trivant Custom Portfolio Group LLC acquired a new position in IQ Merger Arbitrage ETF in the fourth quarter worth about $33,000. Belpointe Asset Management LLC acquired a new stake in shares of IQ Merger Arbitrage ETF during the 3rd quarter valued at approximately $256,000. CWM LLC boosted its holdings in IQ Merger Arbitrage ETF by 109.0% in the fourth quarter. CWM LLC now owns 8,396 shares of the company’s stock worth $264,000 after purchasing an additional 4,378 shares during the period. RHS Financial LLC boosted its holdings in shares of IQ Merger Arbitrage ETF by 16.1% in the 4th quarter. RHS Financial LLC now owns 9,631 shares of the company’s stock valued at $303,000 after buying an additional 1,332 shares during the period. Finally, Integrated Advisors Network LLC raised its stake in IQ Merger Arbitrage ETF by 7.2% during the third quarter. Integrated Advisors Network LLC now owns 15,647 shares of the company’s stock worth $494,000 after acquiring an additional 1,055 shares during the period.

IQ Merger Arbitrage ETF Stock Performance

Shares of NYSEARCA:MNA traded up $0.01 during trading hours on Wednesday, hitting $30.93. The stock had a trading volume of 28,403 shares, compared to its average volume of 60,914. IQ Merger Arbitrage ETF has a 1-year low of $30.69 and a 1-year high of $32.02. The firm has a market capitalization of $281.46 million, a price-to-earnings ratio of 17.36 and a beta of 0.14. The stock’s fifty day simple moving average is $31.27 and its 200 day simple moving average is $31.31.

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.