NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Position Boosted by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,176 shares of the company’s stock after acquiring an additional 881 shares during the period. Thurston Springer Miller Herd & Titak Inc. owned approximately 0.06% of NYLI Merger Arbitrage ETF worth $171,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Duncan Williams Asset Management LLC acquired a new position in NYLI Merger Arbitrage ETF during the 3rd quarter valued at about $546,000. Envestnet Asset Management Inc. increased its stake in shares of NYLI Merger Arbitrage ETF by 18.8% during the second quarter. Envestnet Asset Management Inc. now owns 308,669 shares of the company’s stock valued at $9,754,000 after acquiring an additional 48,804 shares during the period. Centaurus Financial Inc. bought a new stake in NYLI Merger Arbitrage ETF during the second quarter worth approximately $112,000. Flow Traders U.S. LLC bought a new stake in NYLI Merger Arbitrage ETF during the third quarter worth approximately $220,000. Finally, HBW Advisory Services LLC acquired a new stake in NYLI Merger Arbitrage ETF in the third quarter worth approximately $113,000.

NYLI Merger Arbitrage ETF Stock Performance

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

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.