NYLIM Merger Arbitrage ETF $MNA Shares Newly Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC bought a new position in shares of NYLIM Merger Arbitrage ETF (NYSEARCA:MNA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 643,052 shares of the company’s stock, valued at approximately $23,684,000. New York Life Investment Management LLC owned approximately 9.12% of NYLIM Merger Arbitrage ETF at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Diversify Advisory Services LLC increased its position in NYLIM Merger Arbitrage ETF by 12.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 7,503 shares of the company’s stock worth $276,000 after purchasing an additional 806 shares in the last quarter. Parallel Advisors LLC lifted its stake in NYLIM Merger Arbitrage ETF by 17.7% in the 1st 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. Kingswood Wealth Advisors LLC boosted its position in 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 buying an additional 1,203 shares in the last quarter. RHS Financial LLC boosted its position in NYLIM Merger Arbitrage ETF by 11.4% in the third 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 in the last quarter. Finally, Stonehearth Capital Management LLC boosted its position in NYLIM Merger Arbitrage ETF by 9.3% in the third quarter. Stonehearth Capital Management LLC now owns 17,944 shares of the company’s stock valued at $661,000 after buying an additional 1,533 shares in the last quarter.

NYLIM Merger Arbitrage ETF Stock Performance

NYSEARCA MNA opened at $36.85 on Wednesday. The firm’s fifty day moving average price is $36.80 and its two-hundred day moving average price is $36.51. The stock has a market cap of $276.38 million, a PE ratio of 25.78 and a beta of 0.07. NYLIM Merger Arbitrage ETF has a fifty-two week low of $35.57 and a fifty-two 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.