Thurston Springer Miller Herd & Titak Inc. Grows Stake in NYLI Merger Arbitrage ETF (NYSEARCA:MNA)

Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 20.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,176 shares of the company’s stock after acquiring an additional 881 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in NYLI Merger Arbitrage ETF were worth $171,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. HBW Advisory Services LLC purchased a new position in shares of NYLI Merger Arbitrage ETF in the 3rd quarter valued at approximately $113,000. Centaurus Financial Inc. purchased a new position in NYLI Merger Arbitrage ETF during the second quarter valued at $112,000. Flow Traders U.S. LLC purchased a new position in NYLI Merger Arbitrage ETF during the third quarter valued at $220,000. Duncan Williams Asset Management LLC bought 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 shares of NYLI Merger Arbitrage ETF by 18.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 308,669 shares of the company’s stock worth $9,754,000 after buying an additional 48,804 shares during the period.

NYLI Merger Arbitrage ETF Price Performance

Shares of NYSEARCA MNA opened at $33.38 on Friday. The stock has a market cap of $287.07 million, a P/E ratio of 17.60 and a beta of 0.15. NYLI Merger Arbitrage ETF has a 1 year low of $30.36 and a 1 year high of $33.45. The firm has a 50-day moving average of $32.93 and a 200 day moving average of $32.67.

NYLI 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.