Stonehearth Capital Management LLC boosted its position in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 5.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 328,885 shares of the company’s stock after buying an additional 15,720 shares during the quarter. IQ Merger Arbitrage ETF accounts for 7.2% of Stonehearth Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Stonehearth Capital Management LLC’s holdings in IQ Merger Arbitrage ETF were worth $10,919,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC purchased a new stake in shares of IQ Merger Arbitrage ETF during the first quarter valued at $61,000. FNY Investment Advisers LLC purchased a new stake in shares of IQ Merger Arbitrage ETF during the third quarter valued at $76,000. Sandy Spring Bank purchased a new stake in shares of IQ Merger Arbitrage ETF during the third quarter valued at $81,000. Allred Capital Management LLC purchased a new stake in shares of IQ Merger Arbitrage ETF during the fourth quarter valued at $139,000. Finally, Johanson Financial Advisors Inc. purchased a new stake in shares of IQ Merger Arbitrage ETF during the fourth quarter valued at $200,000.

Shares of MNA traded down $0.03 during trading hours on Wednesday, reaching $33.30. 1,029 shares of the company traded hands, compared to its average volume of 200,733. IQ Merger Arbitrage ETF has a 12-month low of $31.34 and a 12-month high of $33.42. The stock’s fifty day moving average price is $33.08 and its 200 day moving average price is $32.30.

Further Reading: What is a support level?

Want to see what other hedge funds are holding MNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IQ Merger Arbitrage ETF (NYSEARCA:MNA).

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

Receive News & Ratings for IQ Merger Arbitrage ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IQ Merger Arbitrage ETF and related companies with MarketBeat.com's FREE daily email newsletter.