Greenleaf Trust Has $10.64 Million Stake in IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Greenleaf Trust decreased its holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 87.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 338,690 shares of the company’s stock after selling 2,302,348 shares during the quarter. Greenleaf Trust’s holdings in IQ Merger Arbitrage ETF were worth $10,638,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Retirement Group LLC acquired a new position in shares of IQ Merger Arbitrage ETF in the 4th quarter valued at approximately $32,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of IQ Merger Arbitrage ETF in the 4th quarter valued at approximately $33,000. National Bank of Canada FI raised its position in shares of IQ Merger Arbitrage ETF by 44.2% in the 3rd quarter. National Bank of Canada FI now owns 1,305 shares of the company’s stock valued at $41,000 after buying an additional 400 shares in the last quarter. Comerica Bank acquired a new position in shares of IQ Merger Arbitrage ETF in the 3rd quarter valued at approximately $54,000. Finally, US Bancorp DE raised its position in shares of IQ Merger Arbitrage ETF by 14.3% in the 1st quarter. US Bancorp DE now owns 3,253 shares of the company’s stock valued at $104,000 after buying an additional 407 shares in the last quarter.

IQ Merger Arbitrage ETF Stock Down 0.1 %

Shares of NYSEARCA:MNA traded down $0.03 during midday trading on Friday, hitting $30.84. The stock had a trading volume of 23,029 shares, compared to its average volume of 59,362. The company’s 50-day moving average price is $31.33 and its 200-day moving average price is $31.35. The company has a market capitalization of $283.73 million, a P/E ratio of 17.60 and a beta of 0.13. IQ Merger Arbitrage ETF has a fifty-two week low of $30.69 and a fifty-two week high of $32.02.

IQ 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.