Park Avenue Securities LLC grew its holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA – Get Rating) by 177.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,985 shares of the company's stock after buying an additional 14,069 shares during the period. Park Avenue Securities LLC's holdings in IQ Merger Arbitrage ETF were worth $698,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. US Bancorp DE lifted its stake in shares of IQ Merger Arbitrage ETF by 14.3% in the 1st quarter. US Bancorp DE now owns 3,253 shares of the company's stock valued at $104,000 after purchasing an additional 407 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of IQ Merger Arbitrage ETF in the 1st quarter valued at $109,000. UBS Group AG lifted its stake in shares of IQ Merger Arbitrage ETF by 572.1% in the 3rd quarter. UBS Group AG now owns 4,221 shares of the company's stock valued at $132,000 after purchasing an additional 3,593 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of IQ Merger Arbitrage ETF in the 1st quarter valued at $177,000. Finally, AJ Wealth Strategies LLC acquired a new position in shares of IQ Merger Arbitrage ETF in the 1st quarter valued at $207,000.
Get IQ Merger Arbitrage ETF alerts:IQ Merger Arbitrage ETF Stock Up 0.3 %
Shares of IQ Merger Arbitrage ETF stock opened at $31.64 on Friday. IQ Merger Arbitrage ETF has a 52 week low of $30.08 and a 52 week high of $32.25. The business's fifty day simple moving average is $31.33 and its 200-day simple moving average is $31.46. The firm has a market cap of $503.08 million, a PE ratio of 20.02 and a beta of 0.15.
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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Want to see what other hedge funds are holding MNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IQ Merger Arbitrage ETF (NYSEARCA:MNA – Get Rating).
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