HighTower Advisors LLC reduced its position in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 77.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 72,357 shares of the company’s stock after selling 255,203 shares during the period. HighTower Advisors LLC owned 0.32% of IQ Merger Arbitrage ETF worth $2,178,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Ameritas Investment Company LLC increased its position in shares of IQ Merger Arbitrage ETF by 15.9% during the first quarter. Ameritas Investment Company LLC now owns 2,882 shares of the company’s stock valued at $87,000 after buying an additional 396 shares during the period. Capital Asset Advisory Services LLC increased its position in shares of IQ Merger Arbitrage ETF by 3.8% during the first quarter. Capital Asset Advisory Services LLC now owns 12,312 shares of the company’s stock valued at $385,000 after buying an additional 446 shares during the period. Howe & Rusling Inc. increased its position in shares of IQ Merger Arbitrage ETF by 30.7% during the first quarter. Howe & Rusling Inc. now owns 2,107 shares of the company’s stock valued at $64,000 after buying an additional 495 shares during the period. RDA Financial Network increased its position in shares of IQ Merger Arbitrage ETF by 4.4% during the first quarter. RDA Financial Network now owns 13,471 shares of the company’s stock valued at $406,000 after buying an additional 569 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of IQ Merger Arbitrage ETF by 2.7% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 24,479 shares of the company’s stock valued at $813,000 after buying an additional 637 shares during the period.

Shares of MNA opened at $31.27 on Tuesday. The business’s 50-day moving average price is $31.24 and its 200-day moving average price is $31.91. IQ Merger Arbitrage ETF has a twelve month low of $26.21 and a twelve month high of $33.56.

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

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