Aviance Capital Management LLC Sells 4,382 Shares of IQ Merger Arbitrage ETF (MNA)

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Aviance Capital Management LLC reduced its stake in shares of IQ Merger Arbitrage ETF (NYSEARCA:MNA) by 11.9% in the third quarter, Holdings Channel reports. The institutional investor owned 32,383 shares of the company’s stock after selling 4,382 shares during the period. Aviance Capital Management LLC’s holdings in IQ Merger Arbitrage ETF were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisors Preferred LLC bought a new position in IQ Merger Arbitrage ETF during the 3rd quarter worth $266,000. B. Riley Financial Inc. bought a new position in IQ Merger Arbitrage ETF during the 2nd quarter worth $284,000. First Citizens Bank & Trust Co. acquired a new position in IQ Merger Arbitrage ETF during the 2nd quarter worth $309,000. IFP Advisors Inc boosted its position in IQ Merger Arbitrage ETF by 39.5% during the 3rd quarter. IFP Advisors Inc now owns 11,060 shares of the company’s stock worth $351,000 after acquiring an additional 3,131 shares during the period. Finally, Wells Fargo & Company MN boosted its position in IQ Merger Arbitrage ETF by 65.4% during the 1st quarter. Wells Fargo & Company MN now owns 13,656 shares of the company’s stock worth $420,000 after acquiring an additional 5,400 shares during the period.

Shares of MNA stock opened at $31.89 on Thursday. IQ Merger Arbitrage ETF has a 1 year low of $30.25 and a 1 year high of $31.96.

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Want to see what other hedge funds are holding MNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IQ Merger Arbitrage ETF (NYSEARCA:MNA).

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

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