NYLIM Merger Arbitrage ETF $MNA Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its holdings in NYLIM Merger Arbitrage ETF (NYSEARCA:MNA) by 90.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,535 shares of the company’s stock after selling 112,808 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.16% of NYLIM Merger Arbitrage ETF worth $425,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Diversify Advisory Services LLC grew its stake in shares of NYLIM Merger Arbitrage ETF by 12.0% during the third quarter. Diversify Advisory Services LLC now owns 7,503 shares of the company’s stock valued at $276,000 after purchasing an additional 806 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of NYLIM Merger Arbitrage ETF by 17.7% in the 1st quarter. Parallel Advisors LLC now owns 6,718 shares of the company’s stock valued at $244,000 after buying an additional 1,010 shares during the period. Kingswood Wealth Advisors LLC raised its position in shares of NYLIM Merger Arbitrage ETF by 1.5% during the third quarter. Kingswood Wealth Advisors LLC now owns 81,279 shares of the company’s stock worth $2,994,000 after acquiring an additional 1,203 shares during the last quarter. RHS Financial LLC raised its position in shares of NYLIM Merger Arbitrage ETF by 11.4% during the third quarter. RHS Financial LLC now owns 12,670 shares of the company’s stock worth $467,000 after acquiring an additional 1,295 shares during the last quarter. Finally, Stonehearth Capital Management LLC boosted its holdings in NYLIM Merger Arbitrage ETF by 9.3% in the third quarter. Stonehearth Capital Management LLC now owns 17,944 shares of the company’s stock valued at $661,000 after acquiring an additional 1,533 shares during the last quarter.

NYLIM Merger Arbitrage ETF Stock Down 0.5%

Shares of MNA stock opened at $36.69 on Friday. The firm has a market cap of $258.66 million, a price-to-earnings ratio of 25.78 and a beta of 0.06. NYLIM Merger Arbitrage ETF has a 12 month low of $35.57 and a 12 month high of $37.19. The stock has a 50-day moving average price of $36.80 and a 200 day moving average price of $36.50.

NYLIM Merger Arbitrage ETF 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.