CreativeOne Wealth LLC Purchases 12,821 Shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA)

CreativeOne Wealth LLC increased its position in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 53.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,688 shares of the company’s stock after purchasing an additional 12,821 shares during the quarter. CreativeOne Wealth LLC’s holdings in IQ Merger Arbitrage ETF were worth $1,152,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sachetta LLC bought a new stake in shares of IQ Merger Arbitrage ETF during the 4th quarter valued at $39,000. Eudaimonia Partners LLC lifted its stake in IQ Merger Arbitrage ETF by 15.2% in the fourth quarter. Eudaimonia Partners LLC now owns 17,412 shares of the company’s stock valued at $547,000 after buying an additional 2,298 shares during the period. Principal Securities Inc. bought a new position in IQ Merger Arbitrage ETF during the fourth quarter worth about $51,000. Savant Capital LLC grew its position in shares of IQ Merger Arbitrage ETF by 3.4% during the 4th quarter. Savant Capital LLC now owns 116,790 shares of the company’s stock worth $3,668,000 after buying an additional 3,864 shares during the period. Finally, CWM LLC increased its stake in shares of IQ Merger Arbitrage ETF by 109.0% in the 4th quarter. CWM LLC now owns 8,396 shares of the company’s stock valued at $264,000 after acquiring an additional 4,378 shares during the last quarter.

IQ Merger Arbitrage ETF Trading Up 0.1 %

Shares of NYSEARCA:MNA traded up $0.03 during mid-day trading on Wednesday, reaching $31.20. The stock had a trading volume of 7,298 shares, compared to its average volume of 58,348. The firm has a market cap of $268.32 million, a PE ratio of 17.60 and a beta of 0.15. The firm has a 50 day simple moving average of $31.18 and a two-hundred day simple moving average of $31.28. IQ Merger Arbitrage ETF has a twelve month low of $30.36 and a twelve month high of $32.02.

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.