Rogco LP Trims Position in NYLI Merger Arbitrage ETF (NYSEARCA:MNA)

Rogco LP cut its stake in shares of NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 41.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,556 shares of the company’s stock after selling 1,827 shares during the period. Rogco LP’s holdings in NYLI Merger Arbitrage ETF were worth $84,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. HBW Advisory Services LLC purchased a new stake in NYLI Merger Arbitrage ETF in the 3rd quarter worth approximately $113,000. Duncan Williams Asset Management LLC bought a new position in shares of NYLI Merger Arbitrage ETF in the 3rd quarter worth $546,000. Centaurus Financial Inc. bought a new position in shares of NYLI Merger Arbitrage ETF in the 2nd quarter worth $112,000. Envestnet Asset Management Inc. raised its position in shares of NYLI Merger Arbitrage ETF by 18.8% during 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 in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of NYLI Merger Arbitrage ETF by 17.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 236,656 shares of the company’s stock worth $7,478,000 after acquiring an additional 34,727 shares during the last quarter.

NYLI Merger Arbitrage ETF Stock Performance

MNA traded up $0.01 during trading on Thursday, reaching $32.87. The stock had a trading volume of 4,296 shares, compared to its average volume of 52,074. The business has a 50-day moving average of $32.81 and a 200-day moving average of $31.92. NYLI Merger Arbitrage ETF has a one year low of $30.36 and a one year high of $33.06. The stock has a market cap of $282.68 million, a PE ratio of 17.60 and a beta of 0.15.

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.