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MNA - IQ Merger Arbitrage ETF

Stock Price: $33.72 USD 0.08 (0.24%)
Updated Apr 21, 2021 4:00 PM EDT - Market closed
Assets $785.03M
NAV $33.62
Expense Ratio 0.77%
PE Ratio 25.29
Beta (5Y) 0.17
Dividend (ttm) $0.77
Dividend Yield 2.28%
Ex-Dividend Date Dec 30, 2020
1-Year Return -
Trading Day April 21
Last Price $33.72
Previous Close $33.64
Change ($) 0.08
Change (%) 0.24%
Day's Open 33.71
Day's Range 33.64 - 33.85
Day's Volume 61,480
52-Week Range 29.98 - 35.36

Fund Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. The fund is non-diversified.

Asset Class
Portfolio-Multi Asset
Sector
Alternative Investments
Region
Global
Inception Date
Nov 17, 2009
Exchange
NYSEARCA
Ticker Symbol
MNA
Index Tracked
IQ Merger Arbitrage Index

Top 10 Holdings

61.67% of assets
NameSymbolWeight
Ishares Phlx SemiconductoCAS.TO10.12%
Alexion PharmaceuticalsALXN6.52%
Drey Inst Pref Gov Mm Inst 6546CAS.TO6.52%
Slack TechnologiesWORK6.03%
XilinxXLNX5.87%
RealPageRP5.78%
Inphi CorpIPHI5.61%
IHS MarkitINFO5.18%
Recv Spdr S&P Regional BaCAS.TO5.02%
Spdr S&P Regional BankingCAS.TO5.02%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Dec 30, 2020$0.766Jan 7, 2021
Dec 28, 2016$0.061Jan 4, 2017
Dec 29, 2015$0.245Jan 5, 2016
Dec 27, 2013$0.264Jan 3, 2014
Dec 27, 2012$0.049Jan 4, 2013
Full Dividend History

News

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Advisors often ask how to pick the best liquid alts strategy to diversify their clients' portfolios. This is a fair, if not critical, question as alternatives strategies span a wide range of investment ...

Other tickers mentioned: MCRO, QED, QLS, QMN
1 day ago - ETF Trends

Though the counting process for the U.S. election outcome is still on, the prospect of a Joe Biden presidency marked by a divided Congress is rife.

Other tickers mentioned: CLOU, FDN, IHF, KBE, PJP, PPA, PSP ...
5 months ago - Zacks Investment Research

This M&A ETF hits a new 52-week high. Are more gains in store for this ETF?

6 months ago - Zacks Investment Research

It was a great Q3 for mergers and acquisitions (M&A) that were on hold amid the peak of coronavirus-led lockdowns.

6 months ago - Zacks Investment Research

By Salvatore Bruno, Chief Investment Officer and Managing Director, IndexIQ Not all risks are created equal; looking at merger arbitrage through a managed risk lens That risk and reward are related is a...

6 months ago - ETF Trends

Mergers and acquisitions had a great third quarter as deal activities that were on hold amid the peak of coronavirus-led lockdowns opened the floodgates.

Other tickers mentioned: MRGR
6 months ago - Zacks Investment Research

A backlog of mergers and acquisitions were put on hold as a result of the Covid-19 pandemic. Now, however, the floodgates are open and an outpouring of M&A activity is set to hit the capital markets thr...

6 months ago - ETF Trends

Corporate actions like IPOs, M&A and spinoffs are picking up pace. These ETFs may benefit.

Other tickers mentioned: CSD, FPX
7 months ago - ETFcom

After tumbling to the lowest level in more than a decade in the second quarter, global M&A activity gathered steam in September following the flurry of latest deal activities.

Other tickers mentioned: AMX, GILD, IMMU, MRGR, NVDA, VZ
7 months ago - Zacks Investment Research

As businesses look to reopen around the globe following the Covid-19 pandemic, the mergers and acquisitions (M&A) industry is not immune to its own set of changes. However, industry experts are saying t...

Other tickers mentioned: MARB, MRGR
9 months ago - ETF Trends

Amid coronavirus-related uncertainties, Intel and Nvidia announced two acquisitions that can facilitated their existing portfolio.

Other tickers mentioned: MRGR, SMH, SOXX
11 months ago - Zacks Investment Research

Social distancing and avoiding large gatherings like the plague are the new normal. It’s all having ripple effects throughout the capital markets, and the mergers/acquisitions space isn’t immune to the ...

1 year ago - ETF Trends

This merger-focused ETF can zig when the market zags.

1 year ago - Kiplinger

Investors should consider alternative investments and exchange traded fund strategies to better diversify a traditional portfolio mix against potential risks that can suddenly pop up.

Other tickers mentioned: MCRO, QAI, QED, QLS, QMN
1 year ago - ETF Trends

Like a freefall roller coaster operator, investors have seen nothing, but the markets going up, going down, rinse, and repeat.

Other tickers mentioned: TVIX, VXX
1 year ago - ETF Trends

After what had been a tumultuous 2019, the end of the year is bringing significant progress on a number of fronts that have had investors on edge for months.

Other tickers mentioned: HFXI, HYLV, MMIN, QAI, ULTR
1 year ago - ETF Trends

Surging Global Deal Volume Sends 'MNA' to Record High

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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.

1 year ago - Bloomberg Markets and Finance

This merger and acquisition ETF hits a new 52-week high. Are more gains in store for this ETF?

1 year ago - Zacks Investment Research

The  IQ Merger Arbitrage ETF (MNA) debuted over a decade ago as one of the first ETFs in the “liquid alts” category, providing regular investors exposure to a concept previously reserved for institution...

1 year ago - ETF Trends

Institutional investors, financial advisors and retail investors can all gain exposure to alternative assets through ETFs to ensure a portfolio is optimally diversified to withstand a variety of market ...

Other tickers mentioned: QAI
1 year ago - ETF Trends

Advisors and institutions alike are always looking for more ideas on how to improve outcomes for their clients’ portfolios. Could liquid alternative ETFs be the solution?

Other tickers mentioned: MCRO, QAI, QED, QLS, QMN
1 year ago - ETF Trends

ETF Edge, May 29, 2019

YouTube video

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.

Other tickers mentioned: NBL, QUAL, SPY, VDC, NOBL
1 year ago - CNBC Television

How to profit from the merger madness

YouTube video

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.

1 year ago - CNBC Television

Investing in hedge funds is a pricey proposition. First, investors must be willing to lock-up their cash (usually a lot of it) for up to three years.

Other tickers mentioned: FVC, HDGE, QAI, WTMF
1 year ago - 24/7 Wall Street

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 — rece...

2 years ago - Benzinga