NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors decreased its position in NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 113,543 shares of the company’s stock after selling 4,471 shares during the quarter. Captrust Financial Advisors owned about 1.32% of NYLI Merger Arbitrage ETF worth $3,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC grew its holdings in NYLI Merger Arbitrage ETF by 20.6% in the 2nd quarter. New York Life Investment Management LLC now owns 1,076,145 shares of the company’s stock valued at $34,006,000 after buying an additional 184,022 shares during the period. Envestnet Asset Management Inc. grew its holdings in 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 valued at $9,754,000 after buying an additional 48,804 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in 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 valued at $7,478,000 after buying an additional 34,727 shares during the period. Duncan Williams Asset Management LLC purchased a new stake in NYLI Merger Arbitrage ETF in the 3rd quarter valued at about $546,000. Finally, Diversify Advisory Services LLC purchased a new stake in NYLI Merger Arbitrage ETF in the 2nd quarter valued at about $214,000.

NYLI Merger Arbitrage ETF Price Performance

MNA opened at $32.85 on Wednesday. NYLI Merger Arbitrage ETF has a 12 month low of $30.36 and a 12 month high of $33.15. The stock has a market capitalization of $282.51 million, a price-to-earnings ratio of 17.60 and a beta of 0.15. The business has a 50-day moving average of $32.84 and a two-hundred day moving average of $32.29.

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.