NYLI Merger Arbitrage ETF (MNA)
| Assets | $218.91M |
| Expense Ratio | 0.77% |
| PE Ratio | 18.59 |
| Shares Out | 6.65M |
| Dividend (ttm) | $0.38 |
| Dividend Yield | 1.15% |
| Ex-Dividend Date | Dec 28, 2023 |
| Payout Ratio | 21.32% |
| 1-Year Return | +4.01% |
| Volume | 19,387 |
| Open | 32.88 |
| Previous Close | 32.99 |
| Day's Range | 32.88 - 33.10 |
| 52-Week Low | 30.36 |
| 52-Week High | 33.15 |
| Beta | 0.15 |
| Holdings | 88 |
| Inception Date | Nov 17, 2009 |
About MNA
Fund Home PageThe NYLI Merger Arbitrage ETF (MNA) is an exchange-traded fund that is based on the IQ Merger Arbitrage index. The fund tracks an index that uses a merger arbitrage strategy with long exposure to takeover targets and short exposure to broad global equity indexes. MNA was launched on Nov 17, 2009 and is issued by New York Life Investments.
Top 10 Holdings
50.72% of assets| Name | Symbol | Weight |
|---|---|---|
| Rec Cof Swap | n/a | 8.10% |
| Discover Financial Services | DFS | 7.22% |
| Drey Inst Pref Gov Mm Inst 6546 | n/a | 5.56% |
| Juniper Networks, Inc. | JNPR | 4.87% |
| Rec Ip Swap | n/a | 4.48% |
| HashiCorp, Inc. | HCP | 4.39% |
| Rec Amcr Swap | n/a | 4.37% |
| DS Smith Plc | SMDS | 3.98% |
| Frontier Communications Parent, Inc. | FYBR | 3.90% |
| Summit Materials, Inc. | SUM | 3.84% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 28, 2023 | $0.378 | Jan 5, 2024 |
| Dec 30, 2020 | $0.766 | Jan 7, 2021 |
| Dec 28, 2016 | $0.061 | Jan 4, 2017 |
| Dec 29, 2015 | $0.245 | Jan 5, 2016 |
| Dec 27, 2013 | $0.264 | Jan 3, 2014 |
| Dec 27, 2012 | $0.049 | Jan 4, 2013 |
News
MNA: Merger Arbitrage Improving With Discounts As Biden FTC Risk Is Discounted
Merger arbitrage strategy ETFs like MNA were highly profitable from 2010 to 2020 due to quick government approval of mergers and high M&A deal volumes. Since 2020, the M&A fund MNA has underperformed ...
MNA: Merger Arbitrage Fund That Fails To Impress
MNA IQ Merger Arbitrage ETF is a fund that focuses on investing in companies involved in mergers and acquisitions. The fund uses a strategy called merger arbitrage to profit from price discrepancies b...
How Corporate Action ETFs Work
Corporate actions like IPOs, M&A and spinoffs are picking up pace. These ETFs may benefit.
Merger Arbitrage Analysis And Spread Performance - September 20, 2020
Merger Arbitrage Analysis And Spread Performance - September 20, 2020
IQ Merger Arbitrage Is All About the Deals
This merger-focused ETF can zig when the market zags.
Liquid Alternative ETFs Are Ideally Suited For The Coronavirus Sell-Off (Podcast)
Liquid Alternative ETFs Are Ideally Suited For The Coronavirus Sell-Off (Podcast)
Tom Lydon Talks ETF Efficiency In Uncertain Times
Tom Lydon Talks ETF Efficiency In Uncertain Times
Surging Global Deal Volume Sends 'MNA' to Record High
The ETF industry has something for everyone -- the IQ Merger Arbitrage ETF (ticker: MNA) seeks to identify investment opportunities in the global M&A market.
ETF Edge, May 29, 2019
Leslie Picker digs into the latest trends in the ETF market with State Street's Matthew Bartolini, CFRA's Todd Rosenbluth and IndexIQ's Sal Bruno.
How to profit from the merger madness
With deal activity alive and well in 2019, investors might want to know that there's an ETF that tries to capitalize on ongoing mergers and acquisitions.
Merger Arbitrage ETF Tops $1 Billion in Assets
The IQ Merger Arbitrage ETF (NYSE: MNA) — one of the first exchange traded funds to make the merger arbitrage strategy long used by professional traders accessible to a broader swath of investors — re...