Farther Finance Advisors LLC Decreases Stake in NYLI Merger Arbitrage ETF (NYSEARCA:MNA)

Farther Finance Advisors LLC lessened its position in shares of NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 20.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,871 shares of the company’s stock after selling 7,923 shares during the quarter. Farther Finance Advisors LLC’s holdings in NYLI Merger Arbitrage ETF were worth $1,018,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MNA. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of NYLI Merger Arbitrage ETF by 20.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,176 shares of the company’s stock valued at $171,000 after acquiring an additional 881 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in NYLI Merger Arbitrage ETF in the third quarter worth $220,000. Finally, Duncan Williams Asset Management LLC raised its stake in NYLI Merger Arbitrage ETF by 2.3% during the fourth quarter. Duncan Williams Asset Management LLC now owns 16,990 shares of the company’s stock valued at $560,000 after purchasing an additional 390 shares in the last quarter.

NYLI Merger Arbitrage ETF Stock Up 0.1 %

Shares of NYSEARCA:MNA opened at $34.02 on Friday. The firm has a fifty day simple moving average of $33.55 and a two-hundred day simple moving average of $33.10. NYLI Merger Arbitrage ETF has a 52 week low of $30.36 and a 52 week high of $34.16. The stock has a market capitalization of $216.03 million, a P/E ratio of 21.88 and a beta of 0.14.

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.