NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Holdings Decreased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its stake in NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 19.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,794 shares of the company’s stock after selling 9,169 shares during the quarter. Farther Finance Advisors LLC’s holdings in NYLI Merger Arbitrage ETF were worth $1,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Comerica Bank lifted its stake in shares of NYLI Merger Arbitrage ETF by 1,562.1% in the 1st quarter. Comerica Bank now owns 1,712 shares of the company’s stock worth $54,000 after acquiring an additional 1,609 shares during the period. HBW Advisory Services LLC bought a new position in NYLI Merger Arbitrage ETF during the 3rd quarter valued at $113,000. Centaurus Financial Inc. acquired a new position in shares of NYLI Merger Arbitrage ETF during the 2nd quarter valued at $112,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of NYLI Merger Arbitrage ETF in the 2nd quarter worth $168,000. Finally, Diversify Advisory Services LLC acquired a new stake in shares of NYLI Merger Arbitrage ETF in the second quarter valued at $214,000.

NYLI Merger Arbitrage ETF Price Performance

Shares of MNA stock opened at $32.83 on Monday. The stock has a 50-day simple moving average of $32.84 and a 200 day simple moving average of $32.01. The stock has a market capitalization of $282.34 million, a P/E ratio of 17.60 and a beta of 0.15. NYLI Merger Arbitrage ETF has a fifty-two week low of $30.36 and a fifty-two week high of $33.06.

NYLI 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.