Advisor Group Holdings Inc. Decreases Holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Advisor Group Holdings Inc. trimmed its holdings in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 18.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 78,702 shares of the company’s stock after selling 17,491 shares during the quarter. Advisor Group Holdings Inc.’s holdings in IQ Merger Arbitrage ETF were worth $2,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of IQ Merger Arbitrage ETF by 5.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 618,837 shares of the company’s stock valued at $18,652,000 after buying an additional 33,583 shares in the last quarter. Baird Financial Group Inc. raised its position in IQ Merger Arbitrage ETF by 49.7% in the 1st quarter. Baird Financial Group Inc. now owns 48,030 shares of the company’s stock worth $1,448,000 after purchasing an additional 15,936 shares during the period. Alliancebernstein L.P. purchased a new stake in IQ Merger Arbitrage ETF in the 1st quarter worth about $6,767,000. Envestnet Asset Management Inc. raised its position in IQ Merger Arbitrage ETF by 11.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 604,095 shares of the company’s stock worth $19,047,000 after purchasing an additional 61,304 shares during the period. Finally, NEXT Financial Group Inc raised its position in IQ Merger Arbitrage ETF by 24.0% in the 2nd quarter. NEXT Financial Group Inc now owns 27,956 shares of the company’s stock worth $881,000 after purchasing an additional 5,407 shares during the period.

IQ Merger Arbitrage ETF stock opened at $32.50 on Wednesday. IQ Merger Arbitrage ETF has a 1-year low of $26.21 and a 1-year high of $33.56. The company’s 50-day moving average is $32.19 and its 200 day moving average is $31.45.

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Institutional Ownership by Quarter for IQ Merger Arbitrage ETF (NYSEARCA:MNA)

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