Pinnacle Associates Ltd. acquired a new stake in IQ Merger Arbitrage ETF (NYSEARCA:MNA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 145,775 shares of the company’s stock, valued at approximately $4,623,000. Pinnacle Associates Ltd. owned approximately 0.55% of IQ Merger Arbitrage ETF at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Csenge Advisory Group bought a new position in shares of IQ Merger Arbitrage ETF in the 3rd quarter valued at about $29,000. Transamerica Financial Advisors Inc. boosted its stake in IQ Merger Arbitrage ETF by 29.1% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 2,595 shares of the company’s stock worth $83,000 after acquiring an additional 585 shares during the last quarter. Trust Department MB Financial Bank N A boosted its stake in IQ Merger Arbitrage ETF by 95.8% during the 4th quarter. Trust Department MB Financial Bank N A now owns 2,681 shares of the company’s stock worth $85,000 after acquiring an additional 1,312 shares during the last quarter. RDL Financial Inc. bought a new position in IQ Merger Arbitrage ETF during the 4th quarter worth approximately $219,000. Finally, Advisors Preferred LLC bought a new position in IQ Merger Arbitrage ETF during the 3rd quarter worth approximately $266,000.
IQ Merger Arbitrage ETF stock opened at $32.10 on Tuesday. IQ Merger Arbitrage ETF has a fifty-two week low of $30.25 and a fifty-two week high of $32.38.
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