Creative Financial Designs Inc. ADV Cuts Holdings in NYLI Merger Arbitrage ETF (NYSEARCA:MNA)

Creative Financial Designs Inc. ADV decreased its position in NYLI Merger Arbitrage ETF (NYSEARCA:MNA) by 72.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,553 shares of the company’s stock after selling 11,699 shares during the period. Creative Financial Designs Inc. ADV owned 0.05% of NYLI Merger Arbitrage ETF worth $150,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new position in shares of NYLI Merger Arbitrage ETF in the 3rd quarter worth about $220,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in NYLI Merger Arbitrage ETF by 20.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,176 shares of the company’s stock valued at $171,000 after acquiring an additional 881 shares during the last quarter. Finally, Duncan Williams Asset Management LLC grew its position in shares of NYLI Merger Arbitrage ETF by 2.3% during the 4th quarter. Duncan Williams Asset Management LLC now owns 16,990 shares of the company’s stock valued at $560,000 after acquiring an additional 390 shares during the period.

NYLI Merger Arbitrage ETF Stock Down 0.1 %

Shares of MNA stock opened at $34.20 on Friday. The firm has a market cap of $217.17 million, a P/E ratio of 21.88 and a beta of 0.14. The company has a 50 day moving average of $33.63 and a 200-day moving average of $33.14. NYLI Merger Arbitrage ETF has a 12-month low of $30.36 and a 12-month high of $34.60.

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.