NYLIM Merger Arbitrage ETF $MNA Stock: Oppenheimer & Co. Inc. Reduces Stake

Oppenheimer & Co. Inc. cut its stake in NYLIM Merger Arbitrage ETF (NYSEARCA:MNA) by 90.7% in the third quarter, HoldingsChannel.com reports. The fund owned 11,535 shares of the company’s stock after selling 112,808 shares during the period. Oppenheimer & Co. Inc.’s holdings in NYLIM Merger Arbitrage ETF were worth $425,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC lifted its holdings in shares of NYLIM Merger Arbitrage ETF by 1.5% in the third quarter. Kingswood Wealth Advisors LLC now owns 81,279 shares of the company’s stock valued at $2,994,000 after purchasing an additional 1,203 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of NYLIM Merger Arbitrage ETF by 12.0% during the third quarter. Diversify Advisory Services LLC now owns 7,503 shares of the company’s stock worth $276,000 after buying an additional 806 shares in the last quarter. Stonehearth Capital Management LLC grew its holdings in shares of NYLIM Merger Arbitrage ETF by 9.3% during the third quarter. Stonehearth Capital Management LLC now owns 17,944 shares of the company’s stock worth $661,000 after buying an additional 1,533 shares in the last quarter. RHS Financial LLC raised its position in NYLIM Merger Arbitrage ETF by 11.4% in the 3rd quarter. RHS Financial LLC now owns 12,670 shares of the company’s stock valued at $467,000 after buying an additional 1,295 shares during the last quarter. Finally, One Capital Management LLC acquired a new stake in NYLIM Merger Arbitrage ETF in the 2nd quarter valued at approximately $6,567,000.

NYLIM Merger Arbitrage ETF Stock Performance

NYSEARCA MNA opened at $36.69 on Friday. The stock has a market capitalization of $258.66 million, a price-to-earnings ratio of 25.78 and a beta of 0.06. The stock’s 50 day moving average price is $36.80 and its two-hundred day moving average price is $36.50. NYLIM Merger Arbitrage ETF has a 52 week low of $35.57 and a 52 week high of $37.19.

NYLIM 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.