Collaborative Fund Advisors LLC Acquires New Shares in NYLI Merger Arbitrage ETF $MNA

Collaborative Fund Advisors LLC bought a new stake in NYLI Merger Arbitrage ETF (NYSEARCA:MNA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 60,965 shares of the company’s stock, valued at approximately $2,216,000. NYLI Merger Arbitrage ETF accounts for about 1.4% of Collaborative Fund Advisors LLC’s holdings, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MNA. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of NYLI Merger Arbitrage ETF by 293.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,636 shares of the company’s stock valued at $59,000 after acquiring an additional 1,220 shares during the period. Parallel Advisors LLC boosted its position in shares of NYLI Merger Arbitrage ETF by 3,467.5% during the fourth quarter. Parallel Advisors LLC now owns 5,708 shares of the company’s stock worth $204,000 after purchasing an additional 5,548 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of NYLI Merger Arbitrage ETF by 85.0% in the 4th quarter. Farther Finance Advisors LLC now owns 36,622 shares of the company’s stock valued at $1,311,000 after buying an additional 16,831 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of NYLI Merger Arbitrage ETF by 3.1% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 111,993 shares of the company’s stock valued at $4,008,000 after buying an additional 3,378 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in NYLI Merger Arbitrage ETF by 70.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 171,803 shares of the company’s stock worth $6,059,000 after buying an additional 71,109 shares during the period.

NYLI Merger Arbitrage ETF Stock Performance

MNA stock opened at $36.43 on Monday. NYLI Merger Arbitrage ETF has a 1-year low of $34.91 and a 1-year high of $37.19. The firm has a market cap of $251.37 million, a PE ratio of 25.78 and a beta of 0.06. The business’s 50-day moving average price is $36.43 and its two-hundred day moving average price is $36.25.

About NYLI Merger Arbitrage ETF

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.