November 23, 2016 - By Dolores Ford · 0 Comments
Nov 23 is a negative day so far for IQ Merger Arbitrage ETF (NYSEARCA:MNA) as the ETF is active during the day after losing 0.03% to hit $29.17 per share. The exchange traded fund has 152.85 million net assets and 0.58% volatility this month.
Over the course of the day 470 shares traded hands, as compared to an average volume of 56,750 over the last 30 days for IQ Merger Arbitrage ETF (NYSEARCA:MNA).
The ETF is -2.78% of its 52-Week High and 7.45% of its low, and is currently having ATR of 0.19. This year’s performance is 2.00% while this quarter’s performance is 1.17%.
The ETF’s YTD performance is 2.49%, the 1 year is 5.27% and the 3 year is 3.08%.
The ETF’s average P/E ratio is 26.79, the price to book is 3.31, the price to sales is 1.23 and the price to cashflow is 13.28. It was started on 11/17/2009. The fund’s top holdings are: LinkedIn Corporation Class A Co for 9.73% of assets, St. Jude Medical Inc. Common S for 7.48%, Rackspace Hosting Inc Common S for 6.34%, Morgan Stanley Ilf/Treas/Inst for 5.65%, Recv Xlv Short Ms for 5.22%, Monsanto Company Common Stock for 5.05%, Spectra Energy Corp Common Stoc for 3.95%, Valspar Corporation (The) Commo for 3.63%, Rite Aid Corporation Common Sto for 3.28%, SYNGENTA AG CHF0.10 (REGD) for 3.12%. The ETF sector weights are: Basic Materials 15.09%, Consumer Cyclical 4.27%, Financial Services 4.10%, Realestate 2.87%, Consumer Defensive 7.42%, Healthcare 15.57%, Utilities 3.10%, Communication Services 0.37%, Energy 5.98%, Industrials 5.72%, Technology 35.52%. The ETF currently as 0.84% yield.
More notable recent IndexIQ IQ ARB Merger Arbitrage ETF (NYSEARCA:MNA) news were published by: Etfdailynews.com which released: “This Merger Arbitrage ETF is Drawing Increased Interest” on August 30, 2016, also Seekingalpha.com with their article: “Index IQ’s New ‘Merger Arbitrage’ ETF Is Nothing of the Sort” published on December 03, 2009, Seekingalpha.com published: “Merger Arbitrage ETFs Just Got Better” on December 17, 2012. More interesting news about IndexIQ IQ ARB Merger Arbitrage ETF (NYSEARCA:MNA) were released by: Cnbc.com and their article: “How the little guy can profit from merger mania” published on April 27, 2015 as well as Thestreet.com‘s news article titled: “Profit From the M&A Wave With ETFs, Mutual Funds” with publication date: September 26, 2016.
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By Dolores Ford