Modus Advisors LLC Buys 6,868 Shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Modus Advisors LLC raised its stake in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,961 shares of the company’s stock after acquiring an additional 6,868 shares during the quarter. IQ Merger Arbitrage ETF comprises 1.5% of Modus Advisors LLC’s holdings, making the stock its 23rd largest position. Modus Advisors LLC owned 0.46% of IQ Merger Arbitrage ETF worth $3,327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Curi Capital bought a new position in IQ Merger Arbitrage ETF in the 4th quarter valued at about $2,293,000. Voya Financial Advisors Inc. raised its holdings in IQ Merger Arbitrage ETF by 2.1% in the 4th quarter. Voya Financial Advisors Inc. now owns 22,352 shares of the company’s stock valued at $742,000 after acquiring an additional 466 shares during the period. Mainstay Capital Management LLC ADV bought a new position in IQ Merger Arbitrage ETF in the 4th quarter valued at about $22,572,000. Cetera Investment Advisers bought a new position in IQ Merger Arbitrage ETF in the 4th quarter valued at about $967,000. Finally, Baird Financial Group Inc. raised its holdings in IQ Merger Arbitrage ETF by 85.3% in the 4th quarter. Baird Financial Group Inc. now owns 41,030 shares of the company’s stock valued at $1,368,000 after acquiring an additional 18,882 shares during the period.

Shares of MNA traded down $0.08 during mid-day trading on Thursday, hitting $33.04. 59,638 shares of the company’s stock were exchanged, compared to its average volume of 135,985. IQ Merger Arbitrage ETF has a 52 week low of $30.37 and a 52 week high of $36.18. The stock’s 50-day simple moving average is $32.88 and its 200-day simple moving average is $33.48.

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

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