Allspring Global Investments Holdings LLC grew its holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA – Get Rating) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,908 shares of the company's stock after purchasing an additional 340 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of IQ Merger Arbitrage ETF worth $283,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the business. Merit Financial Group LLC bought a new position in shares of IQ Merger Arbitrage ETF in the 4th quarter valued at about $517,000. Allworth Financial LP raised its position in shares of IQ Merger Arbitrage ETF by 7,413.9% in the 4th quarter. Allworth Financial LP now owns 93,924 shares of the company's stock valued at $2,980,000 after acquiring an additional 92,674 shares during the period. WealthPlan Investment Management LLC acquired a new stake in shares of IQ Merger Arbitrage ETF in the 3rd quarter valued at approximately $232,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of IQ Merger Arbitrage ETF in the 3rd quarter valued at approximately $8,890,000. Finally, Colony Group LLC raised its position in shares of IQ Merger Arbitrage ETF by 9.7% in the 3rd quarter. Colony Group LLC now owns 20,822 shares of the company's stock valued at $652,000 after acquiring an additional 1,837 shares during the period.
Get IQ Merger Arbitrage ETF alerts:IQ Merger Arbitrage ETF Price Performance
Shares of NYSEARCA:MNA opened at $31.87 on Thursday. The company has a market capitalization of $468.49 million, a price-to-earnings ratio of 20.02 and a beta of 0.13. The firm's 50 day simple moving average is $31.37 and its 200 day simple moving average is $31.47. IQ Merger Arbitrage ETF has a fifty-two week low of $30.08 and a fifty-two week high of $32.25.
IQ Merger Arbitrage ETF Company 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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