Cwm LLC Purchases 4,378 Shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Cwm LLC boosted its position in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 109.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,396 shares of the company’s stock after acquiring an additional 4,378 shares during the period. Cwm LLC owned approximately 0.06% of IQ Merger Arbitrage ETF worth $264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of IQ Merger Arbitrage ETF by 37.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 42,020 shares of the company’s stock valued at $1,320,000 after purchasing an additional 11,438 shares during the period. Personal CFO Solutions LLC grew its stake in shares of IQ Merger Arbitrage ETF by 1.4% in the 3rd quarter. Personal CFO Solutions LLC now owns 119,292 shares of the company’s stock valued at $3,768,000 after purchasing an additional 1,702 shares during the period. RHS Financial LLC grew its stake in shares of IQ Merger Arbitrage ETF by 16.1% in the 4th quarter. RHS Financial LLC now owns 9,631 shares of the company’s stock valued at $303,000 after purchasing an additional 1,332 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of IQ Merger Arbitrage ETF by 53.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 473,974 shares of the company’s stock valued at $14,973,000 after purchasing an additional 164,689 shares during the period. Finally, Osborne Partners Capital Management LLC grew its stake in shares of IQ Merger Arbitrage ETF by 3.4% in the 4th quarter. Osborne Partners Capital Management LLC now owns 454,445 shares of the company’s stock valued at $14,274,000 after purchasing an additional 14,770 shares during the period.

IQ Merger Arbitrage ETF Price Performance

Shares of MNA opened at $31.06 on Friday. The company has a market capitalization of $282.69 million, a P/E ratio of 17.36 and a beta of 0.14. IQ Merger Arbitrage ETF has a one year low of $30.69 and a one year high of $32.02. The business’s 50 day simple moving average is $31.25 and its 200-day simple moving average is $31.31.

IQ 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.