Cwm LLC Raises Stake in IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Cwm LLC boosted its holdings in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 109.0% in the fourth quarter, HoldingsChannel reports. The fund owned 8,396 shares of the company’s stock after acquiring an additional 4,378 shares during the period. Cwm LLC’s holdings in IQ Merger Arbitrage ETF were worth $264,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Trivant Custom Portfolio Group LLC purchased a new position in IQ Merger Arbitrage ETF during the 4th quarter valued at about $33,000. Integrated Advisors Network LLC increased its stake in IQ Merger Arbitrage ETF by 7.2% during the 3rd quarter. Integrated Advisors Network LLC now owns 15,647 shares of the company’s stock valued at $494,000 after purchasing an additional 1,055 shares in the last quarter. Raymond James & Associates increased its stake in IQ Merger Arbitrage ETF by 1.3% during the 4th quarter. Raymond James & Associates now owns 95,796 shares of the company’s stock valued at $3,009,000 after purchasing an additional 1,248 shares in the last quarter. RHS Financial LLC increased its stake in IQ Merger Arbitrage ETF by 16.1% during 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 in the last quarter. Finally, Personal CFO Solutions LLC increased its stake in IQ Merger Arbitrage ETF by 1.4% during 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 in the last quarter.

IQ Merger Arbitrage ETF Stock Performance

NYSEARCA:MNA opened at $31.06 on Friday. The firm has a market cap of $282.69 million, a P/E ratio of 17.36 and a beta of 0.14. IQ Merger Arbitrage ETF has a fifty-two week low of $30.69 and a fifty-two week high of $32.02. The firm has a 50-day simple moving average of $31.25 and a two-hundred day simple moving average of $31.31.

About IQ Merger Arbitrage ETF

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.