HBW Advisory Services LLC Takes Position in NYLI Merger Arbitrage ETF (NYSEARCA:MNA)

HBW Advisory Services LLC acquired a new stake in NYLI Merger Arbitrage ETF (NYSEARCA:MNA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,423 shares of the company’s stock, valued at approximately $113,000.

Several other hedge funds also recently bought and sold shares of the company. Diversify Advisory Services LLC purchased a new stake in shares of NYLI Merger Arbitrage ETF in the 2nd quarter valued at about $214,000. Comerica Bank raised its stake in NYLI Merger Arbitrage ETF by 1,562.1% in the first quarter. Comerica Bank now owns 1,712 shares of the company’s stock valued at $54,000 after purchasing an additional 1,609 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of NYLI Merger Arbitrage ETF by 17.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 236,656 shares of the company’s stock worth $7,478,000 after buying an additional 34,727 shares during the last quarter. Duncan Williams Asset Management LLC purchased a new stake in shares of NYLI Merger Arbitrage ETF during the 3rd quarter valued at $546,000. Finally, Envestnet Asset Management Inc. grew its position in NYLI Merger Arbitrage ETF by 18.8% in the second quarter. Envestnet Asset Management Inc. now owns 308,669 shares of the company’s stock worth $9,754,000 after acquiring an additional 48,804 shares in the last quarter.

NYLI Merger Arbitrage ETF Stock Up 0.4 %

NYLI Merger Arbitrage ETF stock opened at $32.93 on Friday. The company has a market capitalization of $283.20 million, a PE ratio of 17.60 and a beta of 0.15. NYLI Merger Arbitrage ETF has a twelve month low of $30.36 and a twelve month high of $33.06. The firm has a fifty day simple moving average of $32.63 and a two-hundred day simple moving average of $31.79.

NYLI Merger Arbitrage ETF 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.