Spinnaker Investment Group LLC decreased its holdings in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA – Get Rating) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,393 shares of the company's stock after selling 11,055 shares during the period. IQ Merger Arbitrage ETF comprises about 1.6% of Spinnaker Investment Group LLC's portfolio, making the stock its 13th largest holding. Spinnaker Investment Group LLC's holdings in IQ Merger Arbitrage ETF were worth $4,518,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new position in shares of IQ Merger Arbitrage ETF during the second quarter worth about $73,000. US Bancorp DE grew its position in shares of IQ Merger Arbitrage ETF by 14.3% during the first quarter. US Bancorp DE now owns 3,253 shares of the company's stock worth $104,000 after acquiring an additional 407 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of IQ Merger Arbitrage ETF during the first quarter worth about $109,000. UBS Group AG grew its position in shares of IQ Merger Arbitrage ETF by 572.1% during the third quarter. UBS Group AG now owns 4,221 shares of the company's stock worth $132,000 after acquiring an additional 3,593 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of IQ Merger Arbitrage ETF during the first quarter worth about $177,000.
Get IQ Merger Arbitrage ETF alerts:IQ Merger Arbitrage ETF Stock Performance
IQ Merger Arbitrage ETF stock opened at $30.97 on Thursday. The company has a 50-day simple moving average of $31.39 and a 200-day simple moving average of $31.49. The firm has a market capitalization of $492.42 million, a P/E ratio of 20.02 and a beta of 0.15. IQ Merger Arbitrage ETF has a one year low of $30.08 and a one year high of $32.25.
IQ Merger Arbitrage ETF Profile
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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.
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