NYLIM Merger Arbitrage ETF (NYSEARCA:MNA – Get Free Report) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $36.80 and traded as low as $36.70. NYLIM Merger Arbitrage ETF shares last traded at $36.76, with a volume of 15,347 shares traded.
NYLIM Merger Arbitrage ETF Stock Down 0.2%
The company’s 50-day moving average is $36.80 and its two-hundred day moving average is $36.51. The company has a market capitalization of $275.70 million, a P/E ratio of 25.78 and a beta of 0.07.
Hedge Funds Weigh In On NYLIM Merger Arbitrage ETF
A number of institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC grew its position in NYLIM Merger Arbitrage ETF by 160.7% in the third quarter. Global Retirement Partners LLC now owns 16,687 shares of the company’s stock worth $615,000 after acquiring an additional 10,285 shares in the last quarter. Good Steward Wealth Advisors LLC increased its stake in NYLIM Merger Arbitrage ETF by 12.7% in the third quarter. Good Steward Wealth Advisors LLC now owns 15,303 shares of the company’s stock valued at $564,000 after acquiring an additional 1,727 shares during the last quarter. New York Life Investment Management LLC bought a new position in NYLIM Merger Arbitrage ETF in the third quarter valued at $23,684,000. Kestra Advisory Services LLC purchased a new stake in NYLIM Merger Arbitrage ETF during the third quarter valued at about $522,000. Finally, Collaborative Fund Advisors LLC raised its position in NYLIM Merger Arbitrage ETF by 7.4% during the third quarter. Collaborative Fund Advisors LLC now owns 33,090 shares of the company’s stock valued at $1,219,000 after purchasing an additional 2,269 shares in the last quarter.
About NYLIM 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.
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