NYLI Merger Arbitrage ETF (NYSEARCA:MNA – Get Free Report)’s share price rose 0.2% on Thursday . The company traded as high as $36.76 and last traded at $36.50. Approximately 23,773 shares traded hands during trading, a decline of 23% from the average daily volume of 30,773 shares. The stock had previously closed at $36.41.
NYLI Merger Arbitrage ETF Stock Performance
The firm has a fifty day moving average of $36.42 and a 200-day moving average of $36.23. The stock has a market capitalization of $251.57 million, a price-to-earnings ratio of 25.78 and a beta of 0.06.
Institutional Trading of NYLI Merger Arbitrage ETF
A number of institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in NYLI Merger Arbitrage ETF by 10.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 189,723 shares of the company’s stock worth $6,807,000 after purchasing an additional 17,920 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of NYLI Merger Arbitrage ETF by 3.1% during 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 during the last quarter. Collaborative Fund Advisors LLC bought a new position in NYLI Merger Arbitrage ETF during the first quarter valued at approximately $2,216,000. Farther Finance Advisors LLC raised its position in NYLI Merger Arbitrage ETF by 85.0% during the fourth quarter. Farther Finance Advisors LLC now owns 36,622 shares of the company’s stock valued at $1,311,000 after acquiring an additional 16,831 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in NYLI Merger Arbitrage ETF by 17.7% in the first quarter. Parallel Advisors LLC now owns 6,718 shares of the company’s stock valued at $244,000 after acquiring an additional 1,010 shares during the last quarter.
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.
See Also
- Five stocks we like better than NYLI Merger Arbitrage ETF
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
- MarketBeat Week in Review – 06/22 – 06/26
Receive News & Ratings for NYLI Merger Arbitrage ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NYLI Merger Arbitrage ETF and related companies with MarketBeat.com's FREE daily email newsletter.
