Kingswood Wealth Advisors LLC Increases Stock Holdings in NYLI Merger Arbitrage ETF $MNA

Kingswood Wealth Advisors LLC lifted its stake in shares of NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 72.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,615 shares of the company’s stock after purchasing an additional 45,792 shares during the quarter. Kingswood Wealth Advisors LLC owned about 1.53% of NYLI Merger Arbitrage ETF worth $3,899,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MNA. Thurston Springer Miller Herd & Titak Inc. acquired a new position in NYLI Merger Arbitrage ETF in the 2nd quarter valued at $205,000. Ameriprise Financial Inc. raised its position 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 last quarter. Finally, Worth Asset Management LLC acquired a new stake in shares of NYLI Merger Arbitrage ETF in the 3rd quarter worth $363,000.

NYLI Merger Arbitrage ETF Stock Up 0.6%

Shares of NYSEARCA:MNA opened at $35.97 on Thursday. NYLI Merger Arbitrage ETF has a fifty-two week low of $33.20 and a fifty-two week high of $36.73. The firm’s 50-day simple moving average is $35.84 and its 200-day simple moving average is $35.67. The company has a market cap of $266.18 million, a price-to-earnings ratio of 25.78 and a beta of 0.06.

NYLI Merger Arbitrage ETF Company 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.