One Capital Management LLC Makes New $6.57 Million Investment in NYLI Merger Arbitrage ETF $MNA

One Capital Management LLC bought a new stake in NYLI Merger Arbitrage ETF (NYSEARCA:MNA) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 180,668 shares of the company’s stock, valued at approximately $6,567,000. One Capital Management LLC owned approximately 2.62% of NYLI Merger Arbitrage ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. raised its holdings in shares of NYLI Merger Arbitrage ETF by 10.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 189,723 shares of the company’s stock worth $6,807,000 after buying an additional 17,920 shares in the last quarter. Collaborative Fund Advisors LLC acquired a new stake in NYLI Merger Arbitrage ETF in the first quarter valued at about $2,216,000. Finally, Parallel Advisors LLC grew its position in NYLI Merger Arbitrage ETF by 17.7% in the first quarter. Parallel Advisors LLC now owns 6,718 shares of the company’s stock valued at $244,000 after acquiring an additional 1,010 shares during the last quarter.

NYLI Merger Arbitrage ETF Trading Down 0.1%

Shares of NYSEARCA MNA opened at $36.70 on Thursday. The company has a market cap of $253.23 million, a price-to-earnings ratio of 25.78 and a beta of 0.06. NYLI Merger Arbitrage ETF has a 12 month low of $35.49 and a 12 month high of $37.19. The stock has a 50-day moving average price of $36.63 and a two-hundred day moving average price of $36.45.

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.