IQ ARB Merger Arbitrage ETF
MNA
133 hedge funds and large institutions have $684M invested in IQ ARB Merger Arbitrage ETF in 2019 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 53 increasing their positions, 45 reducing their positions, and 10 closing their positions.
140% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 10
18% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 45
7% more funds holding
Funds holding: 124 → 133 (+9)
0.54% more ownership
Funds ownership: 70.86% → 71.41% (+0.54%)
3% less capital invested
Capital invested by funds: $706M → $684M (-$21.6M)
31% less funds holding in top 10
Funds holding in top 10: 16 → 11 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
+$33.5M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$9.79M |
| 3 |
EMPI
Elo Mutual Pension Insurance
Espoo,
Finland
|
+$9.52M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.86M |
| 5 |
Morgan Stanley
New York
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$10.3M |
| 2 |
JF
JSF Financial
Los Angeles,
California
|
-$6.49M |
| 3 |
PP
Prudential plc
London, England,
United Kingdom
|
-$5.59M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$4.71M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.1M |
MNA Hedge Fund Activity: Q2 2019 in Review
133 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q2 2019, worth a combined $684M — down 3.1% from $706M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new MNA positions and 10 closed out — a net gain of 14 holders — while 53 added to existing stakes and 45 trimmed.
The largest buyer was OneDigital Investment Advisors, adding an estimated $33.5M. The largest seller was Raymond James & Associates, cutting an estimated $10.3M.
- 133 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q2 2019, up from 124 in Q1 2019.
- Funds reported $684M of IQ ARB Merger Arbitrage ETF stock for Q2 2019, down 3.1% quarter-over-quarter.
- 24 funds opened new IQ ARB Merger Arbitrage ETF positions in Q2 2019 and 10 closed out, a net change of +14 holders.
- The largest IQ ARB Merger Arbitrage ETF buyer in Q2 2019 was OneDigital Investment Advisors, an estimated $33.5M added.
- The largest IQ ARB Merger Arbitrage ETF seller in Q2 2019 was Raymond James & Associates, an estimated $10.3M sold.
Based on aggregated 13F filings for Q2 2019.