DeGreen Capital Management LLC Takes Position in IQ Merger Arbitrage ETF (MNA)

DeGreen Capital Management LLC purchased a new stake in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 357,122 shares of the company’s stock, valued at approximately $11,403,000. IQ Merger Arbitrage ETF makes up approximately 5.9% of DeGreen Capital Management LLC’s portfolio, making the stock its 8th biggest position.

Several other large investors also recently modified their holdings of the company. Stonehearth Capital Management LLC increased its holdings in IQ Merger Arbitrage ETF by 0.9% in the 1st quarter. Stonehearth Capital Management LLC now owns 294,246 shares of the company’s stock worth $9,395,000 after buying an additional 2,563 shares in the last quarter. Garrett Wealth Advisory Group LLC purchased a new position in IQ Merger Arbitrage ETF in the fourth quarter worth about $9,604,000. Pinnacle Bank purchased a new position in IQ Merger Arbitrage ETF in the fourth quarter worth about $98,000. Belpointe Asset Management LLC boosted its position in IQ Merger Arbitrage ETF by 9.3% in the fourth quarter. Belpointe Asset Management LLC now owns 14,257 shares of the company’s stock worth $452,000 after purchasing an additional 1,213 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new position in IQ Merger Arbitrage ETF in the fourth quarter worth about $656,000.

NYSEARCA:MNA traded down $0.12 on Thursday, hitting $31.82. The stock had a trading volume of 4,097 shares, compared to its average volume of 251,400. IQ Merger Arbitrage ETF has a 52-week low of $30.25 and a 52-week high of $32.38.

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

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