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IQ ARB Merger Arbitrage ETF
MNA

54 hedge funds and large institutions have $110M invested in IQ ARB Merger Arbitrage ETF in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 12

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

11% more capital invested

Capital invested by funds: $98.9M → $110M (+$10.9M)

2% more funds holding

Funds holding: 53 → 54 (+1)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

1.29% less ownership

Funds ownership: 41.8% → 40.51% (-1.3%)

Holders
54
Holders Change
+1
Holders Change %
+1.89%
% of All Funds
1.35%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
9
Increased
24
Reduced
12
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CFA
Carroll Financial Associates
North Carolina
+$6.91M
2
CAN
Cetera Advisor Networks
California
+$3.35M
3
OIA
OneDigital Investment Advisors
Kansas
+$2.46M
4
Bank of America
Bank of America
North Carolina
+$2.1M
5
HighTower Advisors
HighTower Advisors
Illinois
+$1.14M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.57M
2
FFW
Fusion Family Wealth
New York
-$947K
3
SG Americas Securities
SG Americas Securities
New York
-$856K
4
ACM
Aviance Capital Management
Florida
-$218K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$195K
Name Holding Trade Value Shares
Change 		Change in
Stake
MFP
26
Mosaic Financial Partners
California
$625K +$622K +20,284 New
FAAS
27
First Allied Advisory Services
California
$558K -$33.8K -1,103 -6%
RJA
28
Raymond James & Associates
Florida
$556K -$34.6K -1,130 -6%
Goldman Sachs
29
Goldman Sachs
New York
$550K +$53.1K +1,732 +11%
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$429K +$5.7K +186 +1%
VF
31
Virtu Financial
New York
$356K +$354K +11,549 New
AA
32
Ancora Advisors
Ohio
$330K – – –
ATC
33
Argent Trust Co
Tennessee
$277K -$92K -3,000 -25%
Wells Fargo
34
Wells Fargo
California
$269K -$44.6K -1,454 -14%
ML
35
McAdam LLC
Pennsylvania
$216K +$215K +7,001 New
AG
36
Advisor Group
Arizona
$202K +$31K +1,010 +18%
AP
37
Advisors Preferred
Maryland
$141K +$140K +4,578 New
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$119K +$90.5K +2,951 +324%
BCI
39
Brinker Capital Investments
Pennsylvania
$91K +$7.27K +237 +9%
IA
40
IFP Advisors
Florida
$85K +$4.2K +137 +5%
IWM
41
IHT Wealth Management
Illinois
$64K +$42.2K +1,377 +190%
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$52K +$9.26K +302 +22%
ECM
43
Exchange Capital Management
Michigan
$36K – – –
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$30K +$5.06K +165 +21%
Citigroup
45
Citigroup
New York
$22K – – –
RFWA
46
RPg Family Wealth Advisory
Massachusetts
$20.1K +$7.45K +243 +59%
VNA
47
Valley National Advisers
Pennsylvania
$15K – – –
Manulife (Manufacturers Life Insurance)
48
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$12K – – –
PFGIA
49
Patriot Financial Group Insurance Agency
Massachusetts
$8K +$7.67K +250 New
ASN
50
Advisory Services Network
Georgia
$6K +$5.76K +188 New
1
2
3

MNA Hedge Fund Activity: Q3 2017 in Review

54 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q3 2017, worth a combined $110M — up 11% from $98.9M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new MNA positions and 7 closed out — a net gain of 2 holders — while 24 added to existing stakes and 12 trimmed.

The largest buyer was Carroll Financial Associates, adding an estimated $6.91M. The largest seller was Morgan Stanley, cutting an estimated $5.57M.

  • 54 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q3 2017, up from 53 in Q2 2017.
  • Funds reported $110M of IQ ARB Merger Arbitrage ETF stock for Q3 2017, up 11% quarter-over-quarter.
  • 9 funds opened new IQ ARB Merger Arbitrage ETF positions in Q3 2017 and 7 closed out, a net change of +2 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q3 2017 was Carroll Financial Associates, an estimated $6.91M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q3 2017 was Morgan Stanley, an estimated $5.57M sold.

Based on aggregated 13F filings for Q3 2017.