Modus Advisors LLC Sells 1,794 Shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Modus Advisors LLC reduced its holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNAFree Report) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,908 shares of the company’s stock after selling 1,794 shares during the quarter. Modus Advisors LLC owned about 0.57% of IQ Merger Arbitrage ETF worth $2,587,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MNA. Raymond James Financial Services Advisors Inc. increased its position in IQ Merger Arbitrage ETF by 50.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 30,856 shares of the company’s stock worth $986,000 after buying an additional 10,381 shares during the period. US Bancorp DE raised its stake in IQ Merger Arbitrage ETF by 14.3% during the 1st quarter. US Bancorp DE now owns 3,253 shares of the company’s stock valued at $104,000 after purchasing an additional 407 shares during the last quarter. Equitable Holdings Inc. boosted its holdings in IQ Merger Arbitrage ETF by 12.2% in the 1st quarter. Equitable Holdings Inc. now owns 100,343 shares of the company’s stock valued at $3,205,000 after purchasing an additional 10,880 shares during the period. AJ Wealth Strategies LLC acquired a new stake in IQ Merger Arbitrage ETF in the 1st quarter worth $207,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of IQ Merger Arbitrage ETF during the 1st quarter worth about $109,000.

IQ Merger Arbitrage ETF Price Performance

Shares of NYSEARCA MNA traded up $0.07 during mid-day trading on Thursday, hitting $31.54. The company had a trading volume of 6,743 shares, compared to its average volume of 78,738. IQ Merger Arbitrage ETF has a 12 month low of $30.08 and a 12 month high of $31.96. The firm has a market cap of $479.41 million, a P/E ratio of 20.02 and a beta of 0.13. The business’s 50-day simple moving average is $31.38 and its 200-day simple moving average is $31.35.

IQ Merger Arbitrage ETF Company Profile

(Free Report)

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.

See Also

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

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