Private Advisor Group LLC Has $5.11 Million Stake in IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Private Advisor Group LLC increased its holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 7.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,914 shares of the company’s stock after buying an additional 11,751 shares during the quarter. Private Advisor Group LLC owned about 0.51% of IQ Merger Arbitrage ETF worth $5,106,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MNA. Resources Investment Advisors Inc. lifted its holdings in shares of IQ Merger Arbitrage ETF by 1.8% in the first quarter. Resources Investment Advisors Inc. now owns 811,758 shares of the company’s stock valued at $25,919,000 after purchasing an additional 14,701 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of IQ Merger Arbitrage ETF by 39.2% in the first quarter. MML Investors Services LLC now owns 57,427 shares of the company’s stock valued at $1,834,000 after buying an additional 16,159 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of IQ Merger Arbitrage ETF by 540.5% in the first quarter. Envestnet Asset Management Inc. now owns 975,440 shares of the company’s stock valued at $31,146,000 after buying an additional 823,141 shares during the period. Abundance Wealth Counselors lifted its stake in shares of IQ Merger Arbitrage ETF by 0.9% in the first quarter. Abundance Wealth Counselors now owns 438,182 shares of the company’s stock valued at $13,991,000 after buying an additional 3,929 shares during the period. Finally, Valmark Advisers Inc. lifted its stake in shares of IQ Merger Arbitrage ETF by 36.1% in the first quarter. Valmark Advisers Inc. now owns 14,727 shares of the company’s stock valued at $470,000 after buying an additional 3,909 shares during the period.

Shares of NYSEARCA MNA traded up $0.06 during mid-day trading on Friday, hitting $31.55. The company had a trading volume of 186,294 shares, compared to its average volume of 212,452. The firm’s 50-day moving average price is $31.73. IQ Merger Arbitrage ETF has a 12 month low of $30.61 and a 12 month high of $32.38.

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

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