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

New York Life Investment Management LLC acquired a new stake in NYLIM Merger Arbitrage ETF (NYSEARCA:MNA) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 643,052 shares of the company’s stock, valued at approximately $23,684,000. New York Life Investment Management LLC owned about 0.09% of NYLIM Merger Arbitrage ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. One Capital Management LLC bought a new position in shares of NYLIM Merger Arbitrage ETF during the 2nd quarter worth approximately $6,567,000. Kingswood Wealth Advisors LLC boosted its stake in shares of NYLIM Merger Arbitrage ETF by 1.5% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 81,279 shares of the company’s stock worth $2,994,000 after buying an additional 1,203 shares during the last quarter. Collaborative Fund Advisors LLC grew its holdings in shares of NYLIM Merger Arbitrage ETF by 7.4% in the third quarter. Collaborative Fund Advisors LLC now owns 33,090 shares of the company’s stock valued at $1,219,000 after acquiring an additional 2,269 shares in the last quarter. Stonehearth Capital Management LLC grew its holdings in shares of 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 acquiring an additional 1,533 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of NYLIM Merger Arbitrage ETF in the third quarter valued at approximately $522,000.

NYLIM Merger Arbitrage ETF Trading Down 0.0%

Shares of MNA opened at $36.85 on Wednesday. The company has a market capitalization of $276.38 million, a price-to-earnings ratio of 25.78 and a beta of 0.07. The stock has a 50 day moving average of $36.80 and a 200 day moving average of $36.51. NYLIM Merger Arbitrage ETF has a 12 month low of $35.57 and a 12 month high of $37.19.

NYLIM Merger Arbitrage ETF Company 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.