Greenleaf Trust Has $10.64 Million Stock Holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Greenleaf Trust lessened its holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 87.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 338,690 shares of the company’s stock after selling 2,302,348 shares during the period. Greenleaf Trust owned approximately 2.23% of IQ Merger Arbitrage ETF worth $10,638,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MNA. Retirement Group LLC bought a new stake in IQ Merger Arbitrage ETF during the fourth quarter worth about $32,000. Trivant Custom Portfolio Group LLC bought a new stake in IQ Merger Arbitrage ETF during the fourth quarter worth about $33,000. National Bank of Canada FI grew its stake in IQ Merger Arbitrage ETF by 44.2% during the third quarter. National Bank of Canada FI now owns 1,305 shares of the company’s stock worth $41,000 after buying an additional 400 shares during the last quarter. Comerica Bank bought a new stake in IQ Merger Arbitrage ETF during the third quarter worth about $54,000. Finally, US Bancorp DE grew its stake in IQ Merger Arbitrage ETF by 14.3% during the first quarter. US Bancorp DE now owns 3,253 shares of the company’s stock worth $104,000 after buying an additional 407 shares during the last quarter.

IQ Merger Arbitrage ETF Stock Performance

IQ Merger Arbitrage ETF stock traded down $0.03 during trading hours on Friday, hitting $30.84. 23,029 shares of the stock were exchanged, compared to its average volume of 59,362. The stock has a market capitalization of $283.73 million, a P/E ratio of 17.60 and a beta of 0.13. IQ Merger Arbitrage ETF has a 12 month low of $30.69 and a 12 month high of $32.02. The business’s 50-day moving average is $31.33 and its two-hundred day moving average is $31.35.

About IQ 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.