IQ Merger Arbitrage ETF (NYSEARCA:MNA) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lessened its stake in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 91.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 37,635 shares of the company’s stock after selling 416,480 shares during the period. Wealthcare Advisory Partners LLC’s holdings in IQ Merger Arbitrage ETF were worth $1,182,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MNA. New York Life Investment Management LLC raised its stake in shares of IQ Merger Arbitrage ETF by 34.5% in the third quarter. New York Life Investment Management LLC now owns 1,385,514 shares of the company’s stock valued at $43,768,000 after acquiring an additional 355,490 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of IQ Merger Arbitrage ETF by 53.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 473,974 shares of the company’s stock valued at $14,973,000 after buying an additional 164,689 shares during the period. Greenleaf Trust grew its position in shares of IQ Merger Arbitrage ETF by 0.8% during the third quarter. Greenleaf Trust now owns 2,641,038 shares of the company’s stock worth $83,430,000 after buying an additional 20,220 shares in the last quarter. Osborne Partners Capital Management LLC increased its stake in shares of IQ Merger Arbitrage ETF by 3.4% during the fourth quarter. Osborne Partners Capital Management LLC now owns 454,445 shares of the company’s stock worth $14,274,000 after buying an additional 14,770 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in IQ Merger Arbitrage ETF by 37.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 42,020 shares of the company’s stock valued at $1,320,000 after acquiring an additional 11,438 shares in the last quarter.

IQ Merger Arbitrage ETF Price Performance

NYSEARCA:MNA opened at $31.11 on Wednesday. IQ Merger Arbitrage ETF has a 12 month low of $30.69 and a 12 month high of $32.02. The firm has a market capitalization of $283.10 million, a PE ratio of 17.36 and a beta of 0.14. The business’s fifty day moving average price is $31.24 and its 200 day moving average price is $31.29.

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.