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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
+$6.91M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$3.35M |
| 3 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
+$2.46M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.1M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.57M |
| 2 |
FFW
Fusion Family Wealth
Woodbury,
New York
|
-$947K |
| 3 |
SG Americas Securities
New York
|
-$856K |
| 4 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$218K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$195K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TFA
51
Transamerica Financial Advisors
St. Petersburg,
Florida
| $4K | -$215 | -7 | -5% |
|
|
BBPWM
52
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $3K | – | – | – |
|
|
NR
53
Newfound Research
Wellesley Hills,
Massachusetts
| $3K | – | – | – |
|
|
54
SG Americas Securities
New York
| – | -$856K | -27,853 | Closed |
|
|
CIM
55
Cetera Investment Management
El Segundo,
California
| – | -$487K | -15,841 | Closed |
|
56
JP Morgan Chase
New York
| – | -$31K | -995 | Closed |
|
57
UBS Group
Zurich,
Switzerland
| – | -$18K | -592 | Closed |
|
|
ADL
58
Asset Dedication LLC
San Francisco,
California
| – | -$9K | -300 | Closed |
|
|
AIM
59
Advantage Investment Management
Cedar Rapids,
Iowa
| – | -$3K | -94 | Closed |
|
60
Creative Planning
Overland Park,
Kansas
| – | -$1K | -37 | Closed |
|
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.