NYLI Merger Arbitrage ETF $MNA Stake Raised by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its holdings in shares of NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 85.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,622 shares of the company’s stock after buying an additional 16,831 shares during the period. Farther Finance Advisors LLC owned 0.50% of NYLI Merger Arbitrage ETF worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of NYLI Merger Arbitrage ETF by 293.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,636 shares of the company’s stock valued at $59,000 after buying an additional 1,220 shares during the last quarter. Worth Asset Management LLC bought a new stake in shares of NYLI Merger Arbitrage ETF during the third quarter valued at approximately $363,000. Kingswood Wealth Advisors LLC raised its holdings in shares of NYLI Merger Arbitrage ETF by 72.9% during the third quarter. Kingswood Wealth Advisors LLC now owns 108,615 shares of the company’s stock valued at $3,899,000 after buying an additional 45,792 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of NYLI Merger Arbitrage ETF by 70.6% during the second quarter. Ameriprise Financial Inc. now owns 171,803 shares of the company’s stock valued at $6,059,000 after buying an additional 71,109 shares during the last quarter.

NYLI Merger Arbitrage ETF Trading Down 0.2%

MNA opened at $36.40 on Wednesday. The business’s 50 day moving average is $36.29 and its 200-day moving average is $36.03. The stock has a market cap of $254.80 million, a PE ratio of 25.78 and a beta of 0.08. NYLI Merger Arbitrage ETF has a twelve month low of $34.00 and a twelve month high of $36.75.

NYLI 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.