Acas LLC Sells 1,532 Shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Acas LLC trimmed its holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 3.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,170 shares of the company’s stock after selling 1,532 shares during the period. IQ Merger Arbitrage ETF comprises approximately 1.8% of Acas LLC’s portfolio, making the stock its 18th largest holding. Acas LLC’s holdings in IQ Merger Arbitrage ETF were worth $1,544,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI lifted its position in shares of IQ Merger Arbitrage ETF by 44.2% during the third quarter. National Bank of Canada FI now owns 1,305 shares of the company’s stock worth $41,000 after purchasing an additional 400 shares during the last quarter. Avestar Capital LLC purchased a new stake in IQ Merger Arbitrage ETF in the 3rd quarter valued at about $3,057,000. Eudaimonia Advisors LLC grew its stake in IQ Merger Arbitrage ETF by 3.0% in the 3rd quarter. Eudaimonia Advisors LLC now owns 27,848 shares of the company’s stock worth $880,000 after acquiring an additional 821 shares in the last quarter. Osborne Partners Capital Management LLC increased its position in shares of IQ Merger Arbitrage ETF by 0.9% during the third quarter. Osborne Partners Capital Management LLC now owns 439,675 shares of the company’s stock worth $13,889,000 after acquiring an additional 3,880 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of IQ Merger Arbitrage ETF by 4.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 124,777 shares of the company’s stock valued at $3,942,000 after acquiring an additional 5,533 shares in the last quarter.

IQ Merger Arbitrage ETF Trading Down 0.2 %

Shares of NYSEARCA MNA traded down $0.07 during trading hours on Thursday, reaching $30.73. The stock had a trading volume of 845 shares, compared to its average volume of 58,921. IQ Merger Arbitrage ETF has a 52-week low of $30.69 and a 52-week high of $32.02. The firm has a market cap of $282.72 million, a price-to-earnings ratio of 17.60 and a beta of 0.13. The business’s fifty day moving average price is $31.30 and its two-hundred day moving average price is $31.33.

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.