IQ Merger Arbitrage ETF (NYSEARCA:MNA) Stock Position Trimmed by LFA Lugano Financial Advisors SA

LFA Lugano Financial Advisors SA lessened its holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,886 shares of the company’s stock after selling 19,516 shares during the quarter. IQ Merger Arbitrage ETF accounts for about 5.2% of LFA Lugano Financial Advisors SA’s holdings, making the stock its 5th biggest position. LFA Lugano Financial Advisors SA owned approximately 0.90% of IQ Merger Arbitrage ETF worth $8,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elo Mutual Pension Insurance Co purchased a new stake in shares of IQ Merger Arbitrage ETF during the 1st quarter worth approximately $19,924,000. Clark Capital Management Group Inc. boosted its stake in shares of IQ Merger Arbitrage ETF by 0.7% during the 2nd quarter. Clark Capital Management Group Inc. now owns 144,555 shares of the company’s stock worth $4,561,000 after acquiring an additional 1,017 shares in the last quarter. Columbus Macro LLC boosted its stake in shares of IQ Merger Arbitrage ETF by 54.5% during the 1st quarter. Columbus Macro LLC now owns 19,524 shares of the company’s stock worth $623,000 after acquiring an additional 6,884 shares in the last quarter. Cantor Fitzgerald Investment Adviser L.P. purchased a new stake in shares of IQ Merger Arbitrage ETF during the 1st quarter worth approximately $36,211,000. Finally, McAdam LLC boosted its stake in shares of IQ Merger Arbitrage ETF by 12.6% during the 1st quarter. McAdam LLC now owns 18,470 shares of the company’s stock worth $590,000 after acquiring an additional 2,067 shares in the last quarter.

Shares of NYSEARCA:MNA traded up $0.03 during trading on Friday, hitting $31.77. 47,100 shares of the stock were exchanged, compared to its average volume of 205,584. The company has a fifty day moving average price of $31.65 and a two-hundred day moving average price of $31.81. IQ Merger Arbitrage ETF has a 12-month low of $31.10 and a 12-month high of $32.38.

Further Reading: Balanced Fund

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

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