Greenleaf Trust Sells 15,002 Shares of NYLI Merger Arbitrage ETF (NYSEARCA:MNA)

Greenleaf Trust trimmed its holdings in NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 23.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,322 shares of the company’s stock after selling 15,002 shares during the quarter. Greenleaf Trust owned about 0.56% of NYLI Merger Arbitrage ETF worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of MNA. HBW Advisory Services LLC bought a new position in shares of NYLI Merger Arbitrage ETF during the third quarter valued at approximately $113,000. Centaurus Financial Inc. bought a new position in NYLI Merger Arbitrage ETF during the 2nd quarter valued at approximately $112,000. Thurston Springer Miller Herd & Titak Inc. increased its position in NYLI Merger Arbitrage ETF by 20.5% during the 4th 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 in the last quarter. Flow Traders U.S. LLC purchased a new position in NYLI Merger Arbitrage ETF during the third quarter valued at $220,000. Finally, Duncan Williams Asset Management LLC boosted its holdings in NYLI Merger Arbitrage ETF by 2.3% in the fourth quarter. Duncan Williams Asset Management LLC now owns 16,990 shares of the company’s stock worth $560,000 after acquiring an additional 390 shares in the last quarter.

NYLI Merger Arbitrage ETF Price Performance

Shares of NYSEARCA:MNA opened at $33.40 on Monday. The company has a market capitalization of $287.24 million, a PE ratio of 17.60 and a beta of 0.15. The business has a fifty day moving average price of $33.10 and a 200-day moving average price of $32.81. NYLI Merger Arbitrage ETF has a 1-year low of $30.36 and a 1-year high of $33.60.

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.