Raymond James & Associates Sells 21,349 Shares of IQ Merger Arbitrage ETF (MNA)

Raymond James & Associates trimmed its stake in IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 3.0% in the 1st quarter, HoldingsChannel reports. The fund owned 680,113 shares of the company’s stock after selling 21,349 shares during the quarter. Raymond James & Associates’ holdings in IQ Merger Arbitrage ETF were worth $21,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC bought a new position in shares of IQ Merger Arbitrage ETF in the 1st quarter worth $48,000. Transamerica Financial Advisors Inc. raised its position in shares of IQ Merger Arbitrage ETF by 29.1% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 2,595 shares of the company’s stock worth $83,000 after acquiring an additional 585 shares in the last quarter. Pinnacle Bank bought a new position in shares of IQ Merger Arbitrage ETF in the 4th quarter worth $98,000. Hilltop Holdings Inc. bought a new position in shares of IQ Merger Arbitrage ETF in the 4th quarter worth $203,000. Finally, RDL Financial Inc. bought a new position in shares of IQ Merger Arbitrage ETF in the 4th quarter worth $219,000.

MNA opened at $31.62 on Tuesday. IQ Merger Arbitrage ETF has a 12 month low of $30.58 and a 12 month high of $32.38.

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Want to see what other hedge funds are holding MNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IQ Merger Arbitrage ETF (NYSEARCA:MNA).

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

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