NYLIM Merger Arbitrage ETF (MNA)
| Assets | $260.39M |
| Expense Ratio | 0.77% |
| PE Ratio | n/a |
| Shares Out | 7.10M |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| Volume | 54,430 |
| Open | 36.63 |
| Previous Close | 36.68 |
| Day's Range | 36.63 - 36.73 |
| 52-Week Low | 34.91 |
| 52-Week High | 37.19 |
| Beta | 0.06 |
| Holdings | 118 |
| Inception Date | Nov 17, 2009 |
About MNA
Fund Home PageThe NYLIM 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 NYLIM.
Top 10 Holdings
39.54% of assets| Name | Symbol | Weight |
|---|---|---|
| American Airlines Group Inc. | AAL | 5.63% |
| Teck Resources Limited | TECK | 5.40% |
| Drey Inst Pref Gov Mm Inst 6546 | n/a | 4.69% |
| Pay Nee Us Sms | n/a | 3.61% |
| NorthWestern Energy Group, Inc. | NWE | 3.58% |
| Rec Bkh Us Sms | n/a | 3.54% |
| Dominion Energy, Inc. | D | 3.50% |
| Warner Bros. Discovery, Inc. | WBD | 3.38% |
| ARC Resources Ltd. | ARX | 3.13% |
| Caesars Entertainment, Inc. | CZR | 3.09% |
Performance
MNA had a total return of 3.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.70%.
News
IQ Merger Arbitrage Is All About the Deals
This merger-focused ETF can zig when the market zags.
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.