IQ Merger Arbitrage ETF (NYSEARCA:MNA) Position Boosted by Biltmore Capital Advisors LLC

Biltmore Capital Advisors LLC increased its holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,064 shares of the company’s stock after buying an additional 16,694 shares during the quarter. IQ Merger Arbitrage ETF comprises 2.0% of Biltmore Capital Advisors LLC’s portfolio, making the stock its 14th largest holding. Biltmore Capital Advisors LLC owned about 0.88% of IQ Merger Arbitrage ETF worth $7,726,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jane Street Group LLC grew its holdings in IQ Merger Arbitrage ETF by 42.2% in the 2nd quarter. Jane Street Group LLC now owns 49,968 shares of the company’s stock worth $1,576,000 after buying an additional 14,817 shares in the last quarter. Legacy Financial Strategies LLC grew its holdings in IQ Merger Arbitrage ETF by 30.8% in the 2nd quarter. Legacy Financial Strategies LLC now owns 18,215 shares of the company’s stock worth $575,000 after buying an additional 4,285 shares in the last quarter. Clark Capital Management Group Inc. grew its holdings in IQ Merger Arbitrage ETF by 0.7% in the 2nd quarter. Clark Capital Management Group Inc. now owns 144,555 shares of the company’s stock worth $4,561,000 after buying an additional 1,017 shares in the last quarter. Valmark Advisers Inc. grew its holdings in IQ Merger Arbitrage ETF by 12.2% in the 2nd quarter. Valmark Advisers Inc. now owns 16,526 shares of the company’s stock worth $521,000 after buying an additional 1,799 shares in the last quarter. Finally, Centaurus Financial Inc. grew its holdings in IQ Merger Arbitrage ETF by 4,581.3% in the 2nd quarter. Centaurus Financial Inc. now owns 34,220 shares of the company’s stock worth $1,080,000 after buying an additional 33,489 shares in the last quarter.

MNA stock traded up $0.07 on Friday, reaching $32.76. The company’s stock had a trading volume of 52,739 shares, compared to its average volume of 180,102. IQ Merger Arbitrage ETF has a 52 week low of $31.10 and a 52 week high of $32.78. The firm has a fifty day moving average of $32.24 and a two-hundred day moving average of $31.85.

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

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