Cetera Advisors LLC bought a new position in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA) in the first quarter, Holdings Channel reports. The firm bought 12,879 shares of the company’s stock, valued at approximately $408,000.

A number of other institutional investors have also recently added to or reduced their stakes in MNA. Morgan Stanley lifted its position in IQ Merger Arbitrage ETF by 14.6% during the 3rd quarter. Morgan Stanley now owns 664,514 shares of the company’s stock worth $21,112,000 after acquiring an additional 84,569 shares during the last quarter. RDL Financial Inc. acquired a new position in IQ Merger Arbitrage ETF during the 4th quarter worth $219,000. IFP Advisors Inc raised its position in shares of IQ Merger Arbitrage ETF by 181.9% during the fourth quarter. IFP Advisors Inc now owns 31,179 shares of the company’s stock valued at $985,000 after buying an additional 20,119 shares during the last quarter. Bank of Stockton raised its position in shares of IQ Merger Arbitrage ETF by 1.0% during the fourth quarter. Bank of Stockton now owns 332,557 shares of the company’s stock valued at $10,545,000 after buying an additional 3,265 shares during the last quarter. Finally, McAdam LLC raised its position in shares of IQ Merger Arbitrage ETF by 2.4% during the fourth quarter. McAdam LLC now owns 16,403 shares of the company’s stock valued at $520,000 after buying an additional 381 shares during the last quarter.

Shares of MNA opened at $31.57 on Monday. IQ Merger Arbitrage ETF has a 52 week low of $30.47 and a 52 week high of $32.38.

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

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