Creative Financial Designs Inc. ADV Sells 827 Shares of NYLI Merger Arbitrage ETF (NYSEARCA:MNA)

Creative Financial Designs Inc. ADV reduced its position in shares of NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 4.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,252 shares of the company’s stock after selling 827 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in NYLI Merger Arbitrage ETF were worth $534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MNA. B. Riley Wealth Advisors Inc. increased its stake in NYLI Merger Arbitrage ETF by 69.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 473,974 shares of the company’s stock valued at $14,973,000 after purchasing an additional 194,374 shares in the last quarter. New York Life Investment Management LLC increased its stake in NYLI Merger Arbitrage ETF by 20.6% during the 2nd quarter. New York Life Investment Management LLC now owns 1,076,145 shares of the company’s stock valued at $34,006,000 after purchasing an additional 184,022 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in NYLI Merger Arbitrage ETF by 58.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 201,929 shares of the company’s stock valued at $6,357,000 after purchasing an additional 74,137 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in NYLI Merger Arbitrage ETF by 18.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 308,669 shares of the company’s stock valued at $9,754,000 after purchasing an additional 48,804 shares in the last quarter. Finally, Duncan Williams Asset Management LLC bought a new stake in shares of NYLI Merger Arbitrage ETF in the third quarter worth approximately $546,000.

NYLI Merger Arbitrage ETF Price Performance

Shares of MNA stock opened at $32.83 on Friday. The company has a 50 day moving average price of $32.84 and a 200-day moving average price of $32.01. NYLI Merger Arbitrage ETF has a 52 week low of $30.36 and a 52 week high of $33.06. The firm has a market capitalization of $282.34 million, a PE ratio of 17.60 and a beta of 0.15.

NYLI Merger Arbitrage ETF 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.