Kestra Advisory Services LLC grew its holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA – Get Rating) by 75.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,077 shares of the company's stock after buying an additional 13,318 shares during the period. Kestra Advisory Services LLC owned 0.20% of IQ Merger Arbitrage ETF worth $986,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in MNA. Greenleaf Trust lifted its holdings in IQ Merger Arbitrage ETF by 1.6% during the 3rd quarter. Greenleaf Trust now owns 2,599,827 shares of the company's stock worth $81,349,000 after buying an additional 40,219 shares during the period. Global Retirement Partners LLC raised its holdings in shares of IQ Merger Arbitrage ETF by 5.1% in the 3rd quarter. Global Retirement Partners LLC now owns 26,794 shares of the company's stock worth $847,000 after acquiring an additional 1,304 shares during the last quarter. Eudaimonia Advisors LLC raised its holdings in shares of IQ Merger Arbitrage ETF by 3.8% in the 3rd quarter. Eudaimonia Advisors LLC now owns 102,249 shares of the company's stock worth $3,199,000 after acquiring an additional 3,751 shares during the last quarter. Quantitative Advantage LLC acquired a new position in IQ Merger Arbitrage ETF during the 3rd quarter valued at about $4,311,000. Finally, Osborne Partners Capital Management LLC boosted its stake in IQ Merger Arbitrage ETF by 2.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 426,887 shares of the company's stock valued at $13,357,000 after purchasing an additional 9,232 shares during the last quarter.
Get IQ Merger Arbitrage ETF alerts:IQ Merger Arbitrage ETF Stock Performance
MNA stock opened at $31.82 on Tuesday. The company has a market capitalization of $467.75 million, a P/E ratio of 20.02 and a beta of 0.13. IQ Merger Arbitrage ETF has a 52-week low of $30.08 and a 52-week high of $32.16. The business has a 50-day simple moving average of $31.39 and a two-hundred day simple moving average of $31.48.
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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