Kingswood Wealth Advisors LLC Reduces Position in NYLI Merger Arbitrage ETF (NYSEARCA:MNA)

Kingswood Wealth Advisors LLC decreased its holdings in NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 25.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,923 shares of the company’s stock after selling 18,483 shares during the period. Kingswood Wealth Advisors LLC owned about 0.62% of NYLI Merger Arbitrage ETF worth $1,744,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Centaurus Financial Inc. bought a new stake in NYLI Merger Arbitrage ETF during the 2nd quarter valued at $112,000. HBW Advisory Services LLC bought a new position in NYLI Merger Arbitrage ETF in the third quarter worth about $113,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of NYLI Merger Arbitrage ETF by 20.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,176 shares of the company’s stock valued at $171,000 after buying an additional 881 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of NYLI Merger Arbitrage ETF during the third quarter valued at about $220,000. Finally, Duncan Williams Asset Management LLC acquired a new stake in shares of NYLI Merger Arbitrage ETF in the 3rd quarter worth $546,000.

NYLI Merger Arbitrage ETF Price Performance

MNA stock opened at $33.55 on Tuesday. The stock has a market capitalization of $288.53 million, a PE ratio of 17.60 and a beta of 0.15. NYLI Merger Arbitrage ETF has a 52 week low of $30.36 and a 52 week high of $33.60. The firm has a 50 day moving average of $33.02 and a 200 day moving average of $32.76.

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.