Savant Capital LLC Has $3.67 Million Stock Position in IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Savant Capital LLC increased its stake in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 3.4% during the fourth quarter, HoldingsChannel reports. The firm owned 116,790 shares of the company’s stock after acquiring an additional 3,864 shares during the period. Savant Capital LLC’s holdings in IQ Merger Arbitrage ETF were worth $3,668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. New York Life Investment Management LLC increased its holdings in shares of IQ Merger Arbitrage ETF by 34.5% in the 3rd quarter. New York Life Investment Management LLC now owns 1,385,514 shares of the company’s stock valued at $43,768,000 after purchasing an additional 355,490 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in IQ Merger Arbitrage ETF by 53.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 473,974 shares of the company’s stock worth $14,973,000 after acquiring an additional 164,689 shares during the last quarter. Greenleaf Trust boosted its holdings in IQ Merger Arbitrage ETF by 0.8% during the third quarter. Greenleaf Trust now owns 2,641,038 shares of the company’s stock valued at $83,430,000 after acquiring an additional 20,220 shares during the period. Osborne Partners Capital Management LLC grew its position in shares of IQ Merger Arbitrage ETF by 3.4% in the fourth quarter. Osborne Partners Capital Management LLC now owns 454,445 shares of the company’s stock valued at $14,274,000 after purchasing an additional 14,770 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of IQ Merger Arbitrage ETF by 37.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 42,020 shares of the company’s stock valued at $1,320,000 after purchasing an additional 11,438 shares during the last quarter.

IQ Merger Arbitrage ETF Stock Up 0.0 %

Shares of NYSEARCA:MNA opened at $30.93 on Thursday. The business has a 50 day moving average price of $31.26 and a 200 day moving average price of $31.31. The company has a market cap of $281.46 million, a price-to-earnings ratio of 17.36 and a beta of 0.14. IQ Merger Arbitrage ETF has a twelve month low of $30.69 and a twelve month high of $32.02.

IQ 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.