MML Investors Services LLC Trims Stock Position in IQ Merger Arbitrage ETF (NYSEARCA:MNA)

MML Investors Services LLC lowered its position in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA – Get Rating) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,430 shares of the company’s stock after selling 1,635 shares during the period. MML Investors Services LLC owned 0.09% of IQ Merger Arbitrage ETF worth $514,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Quantitative Advantage LLC purchased a new position in IQ Merger Arbitrage ETF during the third quarter valued at approximately $4,311,000. Envestnet Asset Management Inc. lifted its position in IQ Merger Arbitrage ETF by 85.2% during the third quarter. Envestnet Asset Management Inc. now owns 447,799 shares of the company’s stock valued at $14,012,000 after purchasing an additional 206,016 shares during the last quarter. Greenleaf Trust lifted its position in IQ Merger Arbitrage ETF by 1.6% during the third quarter. Greenleaf Trust now owns 2,599,827 shares of the company’s stock valued at $81,349,000 after purchasing an additional 40,219 shares during the last quarter. UBS Group AG lifted its position in IQ Merger Arbitrage ETF by 572.1% during the third quarter. UBS Group AG now owns 4,221 shares of the company’s stock valued at $132,000 after purchasing an additional 3,593 shares during the last quarter. Finally, Liberty Capital Management Inc. bought a new stake in IQ Merger Arbitrage ETF during the third quarter valued at approximately $517,000.

IQ Merger Arbitrage ETF Trading Down 0.2 %

Shares of IQ Merger Arbitrage ETF stock opened at $31.01 on Wednesday. IQ Merger Arbitrage ETF has a 1 year low of $30.08 and a 1 year high of $32.25. The company has a 50 day simple moving average of $31.55 and a two-hundred day simple moving average of $31.56.