Collaborative Fund Advisors LLC Acquires Shares of 60,965 NYLI Merger Arbitrage ETF $MNA

Collaborative Fund Advisors LLC bought a new stake in NYLI Merger Arbitrage ETF (NYSEARCA:MNA) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 60,965 shares of the company’s stock, valued at approximately $2,216,000. NYLI Merger Arbitrage ETF accounts for about 1.4% of Collaborative Fund Advisors LLC’s holdings, making the stock its 14th largest position. Collaborative Fund Advisors LLC owned 0.88% of NYLI Merger Arbitrage ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of NYLI Merger Arbitrage ETF by 293.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,636 shares of the company’s stock valued at $59,000 after acquiring an additional 1,220 shares during the period. Parallel Advisors LLC raised its holdings in NYLI Merger Arbitrage ETF by 3,467.5% during the 4th quarter. Parallel Advisors LLC now owns 5,708 shares of the company’s stock worth $204,000 after purchasing an additional 5,548 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in NYLI Merger Arbitrage ETF by 85.0% during the 4th quarter. Farther Finance Advisors LLC now owns 36,622 shares of the company’s stock worth $1,311,000 after purchasing an additional 16,831 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its position in NYLI Merger Arbitrage ETF by 3.1% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 111,993 shares of the company’s stock valued at $4,008,000 after purchasing an additional 3,378 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in NYLI Merger Arbitrage ETF by 70.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 171,803 shares of the company’s stock valued at $6,059,000 after purchasing an additional 71,109 shares during the period.

NYLI Merger Arbitrage ETF Stock Performance

Shares of NYSEARCA MNA opened at $36.43 on Monday. NYLI Merger Arbitrage ETF has a 1 year low of $34.91 and a 1 year high of $37.19. The firm’s 50-day moving average is $36.43 and its 200-day moving average is $36.25. The firm has a market capitalization of $251.37 million, a PE ratio of 25.78 and a beta of 0.06.

NYLI Merger Arbitrage ETF Company Profile

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.