NYLIM Merger Arbitrage ETF $MNA Shares Sold by Aspiriant LLC

Aspiriant LLC lessened its stake in NYLIM Merger Arbitrage ETF (NYSEARCA:MNA) by 51.7% in the third quarter, HoldingsChannel.com reports. The firm owned 187,849 shares of the company’s stock after selling 201,372 shares during the quarter. Aspiriant LLC’s holdings in NYLIM Merger Arbitrage ETF were worth $6,918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. One Capital Management LLC acquired a new stake in NYLIM Merger Arbitrage ETF in the 2nd quarter valued at about $6,567,000. Collaborative Fund Advisors LLC acquired a new position in shares of NYLIM Merger Arbitrage ETF during the 1st quarter worth approximately $2,216,000. Stonehearth Capital Management LLC lifted its stake in NYLIM Merger Arbitrage ETF by 9.3% in the 3rd quarter. Stonehearth Capital Management LLC now owns 17,944 shares of the company’s stock valued at $661,000 after buying an additional 1,533 shares in the last quarter. RHS Financial LLC lifted its stake in NYLIM Merger Arbitrage ETF by 11.4% in the 3rd quarter. RHS Financial LLC now owns 12,670 shares of the company’s stock valued at $467,000 after buying an additional 1,295 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of NYLIM Merger Arbitrage ETF by 17.7% in the first quarter. Parallel Advisors LLC now owns 6,718 shares of the company’s stock valued at $244,000 after buying an additional 1,010 shares during the last quarter.

NYLIM Merger Arbitrage ETF Price Performance

NYSEARCA MNA opened at $36.77 on Friday. The company has a market cap of $261.07 million, a P/E ratio of 25.78 and a beta of 0.07. NYLIM Merger Arbitrage ETF has a 12 month low of $35.57 and a 12 month high of $37.19. The company has a 50-day moving average of $36.77 and a 200-day moving average of $36.55.

NYLIM Merger Arbitrage ETF Company 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.