One Capital Management LLC Takes $6.57 Million Position in NYLI Merger Arbitrage ETF $MNA

One Capital Management LLC acquired a new stake in shares of NYLI Merger Arbitrage ETF (NYSEARCA:MNA) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 180,668 shares of the company’s stock, valued at approximately $6,567,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC raised its position in NYLI Merger Arbitrage ETF by 17.7% in the first quarter. Parallel Advisors LLC now owns 6,718 shares of the company’s stock valued at $244,000 after purchasing an additional 1,010 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of NYLI Merger Arbitrage ETF by 10.4% during the third quarter. Ameriprise Financial Inc. now owns 189,723 shares of the company’s stock valued at $6,807,000 after purchasing an additional 17,920 shares in the last quarter. Finally, Collaborative Fund Advisors LLC bought a new stake in shares of NYLI Merger Arbitrage ETF during the first quarter worth about $2,216,000.

NYLI Merger Arbitrage ETF Price Performance

NYLI Merger Arbitrage ETF stock opened at $36.70 on Thursday. The business has a 50 day moving average of $36.63 and a 200-day moving average of $36.45. NYLI Merger Arbitrage ETF has a 1 year low of $35.49 and a 1 year high of $37.19. The company has a market capitalization of $253.23 million, a P/E ratio of 25.78 and a beta of 0.06.

NYLI 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.