Elo Mutual Pension Insurance Co Invests $19.92 Million in IQ Merger Arbitrage ETF (NYSEARCA:MNA)

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Elo Mutual Pension Insurance Co purchased a new stake in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA) in the first quarter, Holdings Channel reports. The firm purchased 624,000 shares of the company’s stock, valued at approximately $19,924,000. IQ Merger Arbitrage ETF accounts for approximately 0.9% of Elo Mutual Pension Insurance Co’s investment portfolio, making the stock its 13th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RHS Financial LLC purchased a new position in IQ Merger Arbitrage ETF in the fourth quarter worth $965,000. Econ Financial Services Corp purchased a new position in IQ Merger Arbitrage ETF in the fourth quarter worth $1,055,000. Greenleaf Trust grew its position in IQ Merger Arbitrage ETF by 20.9% in the fourth quarter. Greenleaf Trust now owns 1,211,909 shares of the company’s stock worth $38,430,000 after acquiring an additional 209,710 shares in the last quarter. LPL Financial LLC grew its position in IQ Merger Arbitrage ETF by 95.1% in the fourth quarter. LPL Financial LLC now owns 160,664 shares of the company’s stock worth $5,095,000 after acquiring an additional 78,328 shares in the last quarter. Finally, USAdvisors Wealth Management LLC purchased a new stake in IQ Merger Arbitrage ETF during the fourth quarter valued at about $10,214,000.

NYSEARCA MNA opened at $31.68 on Thursday. IQ Merger Arbitrage ETF has a 12-month low of $30.60 and a 12-month high of $32.38.

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

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