Acas LLC Sells 1,532 Shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA)

Acas LLC lowered its stake in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 3.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 49,170 shares of the company’s stock after selling 1,532 shares during the period. IQ Merger Arbitrage ETF makes up 1.8% of Acas LLC’s portfolio, making the stock its 18th largest holding. Acas LLC owned 0.32% of IQ Merger Arbitrage ETF worth $1,544,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MNA. Trivant Custom Portfolio Group LLC acquired a new position in shares of IQ Merger Arbitrage ETF in the fourth quarter valued at about $33,000. National Bank of Canada FI increased its holdings in shares of 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 purchasing an additional 400 shares during the period. Belpointe Asset Management LLC bought a new position in shares of IQ Merger Arbitrage ETF during the third quarter worth approximately $256,000. CWM LLC raised its position in shares of IQ Merger Arbitrage ETF by 109.0% in the fourth quarter. CWM LLC now owns 8,396 shares of the company’s stock valued at $264,000 after buying an additional 4,378 shares in the last quarter. Finally, RHS Financial LLC boosted its stake in shares of IQ Merger Arbitrage ETF by 16.1% in the fourth quarter. RHS Financial LLC now owns 9,631 shares of the company’s stock valued at $303,000 after buying an additional 1,332 shares during the period.

IQ Merger Arbitrage ETF Price Performance

IQ Merger Arbitrage ETF stock traded down $0.07 during mid-day trading on Thursday, reaching $30.73. 845 shares of the company were exchanged, compared to its average volume of 58,921. The company has a fifty day simple moving average of $31.30 and a 200-day simple moving average of $31.33. The firm has a market cap of $282.72 million, a PE 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.

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.