Global Retirement Partners LLC Has $216,000 Position in IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Global Retirement Partners LLC reduced its holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNAFree Report) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,863 shares of the company’s stock after selling 2,377 shares during the period. Global Retirement Partners LLC’s holdings in IQ Merger Arbitrage ETF were worth $216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. National Bank of Canada FI increased its stake in IQ Merger Arbitrage ETF by 44.2% in the 3rd quarter. National Bank of Canada FI now owns 1,305 shares of the company’s stock valued at $41,000 after buying an additional 400 shares during the last quarter. US Bancorp DE increased its stake in IQ Merger Arbitrage ETF by 14.3% in the 1st quarter. US Bancorp DE now owns 3,253 shares of the company’s stock valued at $104,000 after buying an additional 407 shares during the last quarter. Royal Bank of Canada increased its stake in IQ Merger Arbitrage ETF by 2.3% in the 3rd quarter. Royal Bank of Canada now owns 32,740 shares of the company’s stock valued at $1,035,000 after buying an additional 750 shares during the last quarter. CreativeOne Wealth LLC increased its stake in IQ Merger Arbitrage ETF by 4.3% in the 4th quarter. CreativeOne Wealth LLC now owns 19,567 shares of the company’s stock valued at $621,000 after buying an additional 799 shares during the last quarter. Finally, Eudaimonia Advisors LLC increased its stake in IQ Merger Arbitrage ETF by 3.0% in the 3rd quarter. Eudaimonia Advisors LLC now owns 27,848 shares of the company’s stock valued at $880,000 after buying an additional 821 shares during the last quarter.

IQ Merger Arbitrage ETF Price Performance

IQ Merger Arbitrage ETF stock opened at $31.54 on Thursday. The firm has a market capitalization of $479.41 million, a PE ratio of 20.02 and a beta of 0.13. The company’s 50-day moving average is $31.35 and its 200-day moving average is $31.38. IQ Merger Arbitrage ETF has a fifty-two week low of $30.77 and a fifty-two week high of $32.02.

About IQ Merger Arbitrage ETF

(Free Report)

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.

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Institutional Ownership by Quarter for IQ Merger Arbitrage ETF (NYSEARCA:MNA)

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