Pinnacle Associates Ltd. increased its stake in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,880 shares of the company’s stock after buying an additional 12,580 shares during the period. Pinnacle Associates Ltd. owned about 0.58% of IQ Merger Arbitrage ETF worth $5,423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MNA. Buckingham Asset Management LLC purchased a new stake in shares of IQ Merger Arbitrage ETF in the second quarter valued at about $429,000. Wooster Corthell Wealth Management Inc. lifted its holdings in shares of IQ Merger Arbitrage ETF by 4.4% in the second quarter. Wooster Corthell Wealth Management Inc. now owns 424,779 shares of the company’s stock valued at $13,402,000 after purchasing an additional 17,737 shares in the last quarter. McAdam LLC lifted its holdings in shares of IQ Merger Arbitrage ETF by 10.1% in the second quarter. McAdam LLC now owns 20,344 shares of the company’s stock valued at $642,000 after purchasing an additional 1,874 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of IQ Merger Arbitrage ETF in the second quarter valued at about $110,000. Finally, Financial Advisory Service Inc. lifted its holdings in shares of IQ Merger Arbitrage ETF by 23.1% in the second quarter. Financial Advisory Service Inc. now owns 92,417 shares of the company’s stock valued at $2,916,000 after purchasing an additional 17,354 shares in the last quarter.

Shares of NYSEARCA MNA traded down $0.06 on Wednesday, hitting $31.78. The company’s stock had a trading volume of 8,953 shares, compared to its average volume of 204,627. IQ Merger Arbitrage ETF has a 12-month low of $31.10 and a 12-month high of $32.38. The stock has a 50 day moving average of $31.67 and a 200-day moving average of $31.81.

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

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