NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Shares Sold by Greenleaf Trust

Greenleaf Trust cut its holdings in shares of NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,324 shares of the company’s stock after selling 3,806 shares during the quarter. Greenleaf Trust’s holdings in NYLI Merger Arbitrage ETF were worth $2,082,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its stake in shares of NYLI Merger Arbitrage ETF by 69.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 473,974 shares of the company’s stock worth $14,973,000 after purchasing an additional 194,374 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in NYLI Merger Arbitrage ETF by 20.6% during the 2nd quarter. New York Life Investment Management LLC now owns 1,076,145 shares of the company’s stock worth $34,006,000 after buying an additional 184,022 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of NYLI Merger Arbitrage ETF by 58.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 201,929 shares of the company’s stock worth $6,357,000 after acquiring an additional 74,137 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of NYLI Merger Arbitrage ETF by 18.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 308,669 shares of the company’s stock valued at $9,754,000 after acquiring an additional 48,804 shares during the last quarter. Finally, Duncan Williams Asset Management LLC acquired a new stake in shares of NYLI Merger Arbitrage ETF during the 3rd quarter worth about $546,000.

NYLI Merger Arbitrage ETF Stock Down 0.0 %

Shares of MNA opened at $32.88 on Thursday. The company has a market capitalization of $282.77 million, a price-to-earnings 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 $33.06. The stock has a 50 day moving average price of $32.81 and a 200 day moving average price of $31.92.

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.