PFG Advisors Has $692,000 Stock Holdings in IQ Merger Arbitrage ETF (NYSEARCA:MNA)

PFG Advisors cut its position in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,767 shares of the company’s stock after selling 907 shares during the quarter. PFG Advisors owned 0.07% of IQ Merger Arbitrage ETF worth $692,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MNA. Mosaic Family Wealth LLC bought a new position in IQ Merger Arbitrage ETF during the first quarter worth about $31,000. FMR LLC bought a new position in IQ Merger Arbitrage ETF during the first quarter worth about $61,000. Wealthcare Advisory Partners LLC bought a new position in IQ Merger Arbitrage ETF during the second quarter worth about $110,000. NEXT Financial Group Inc bought a new position in IQ Merger Arbitrage ETF during the second quarter worth about $140,000. Finally, Global Trust Asset Management LLC lifted its stake in IQ Merger Arbitrage ETF by 1,488.1% during the second quarter. Global Trust Asset Management LLC now owns 6,654 shares of the company’s stock worth $210,000 after purchasing an additional 6,235 shares during the period.

MNA traded down $0.10 during midday trading on Thursday, reaching $31.78. 327 shares of the company’s stock were exchanged, compared to its average volume of 203,740. IQ Merger Arbitrage ETF has a one year low of $31.10 and a one year high of $32.38. The business has a 50-day simple moving average of $31.67 and a two-hundred day simple moving average of $31.80.

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

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