Personal CFO Solutions LLC Decreases Stake in IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Personal CFO Solutions LLC trimmed its position in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNAFree Report) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 118,067 shares of the company’s stock after selling 1,225 shares during the quarter. Personal CFO Solutions LLC’s holdings in IQ Merger Arbitrage ETF were worth $3,709,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Greenleaf Trust boosted its position in IQ Merger Arbitrage ETF by 0.8% during the third quarter. Greenleaf Trust now owns 2,641,038 shares of the company’s stock worth $83,430,000 after purchasing an additional 20,220 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in IQ Merger Arbitrage ETF by 53.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 473,974 shares of the company’s stock worth $14,973,000 after purchasing an additional 164,689 shares in the last quarter. SageView Advisory Group LLC boosted its position in IQ Merger Arbitrage ETF by 1,344.3% during the fourth quarter. SageView Advisory Group LLC now owns 459,813 shares of the company’s stock worth $14,443,000 after purchasing an additional 427,976 shares in the last quarter. Osborne Partners Capital Management LLC boosted its position in IQ Merger Arbitrage ETF by 3.4% during the fourth quarter. Osborne Partners Capital Management LLC now owns 454,445 shares of the company’s stock worth $14,274,000 after purchasing an additional 14,770 shares in the last quarter. Finally, Savant Capital LLC boosted its position in IQ Merger Arbitrage ETF by 3.4% during the fourth quarter. Savant Capital LLC now owns 116,790 shares of the company’s stock worth $3,668,000 after purchasing an additional 3,864 shares in the last quarter.

IQ Merger Arbitrage ETF Price Performance

MNA traded down $0.12 during trading on Friday, reaching $31.25. 19,892 shares of the stock were exchanged, compared to its average volume of 55,867. IQ Merger Arbitrage ETF has a 1 year low of $30.36 and a 1 year high of $32.02. The company has a market capitalization of $268.75 million, a price-to-earnings ratio of 17.60 and a beta of 0.15. The business’s 50 day moving average price is $31.13 and its two-hundred day moving average price is $31.29.

IQ Merger Arbitrage ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for IQ Merger Arbitrage ETF (NYSEARCA:MNA)

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