MNA logo

MNA ETF

Profile

Name:

NYLI Merger Arbitrage ETF

Assets under management:

$264 M

Expense ratio:

0.77%

Inception date:

17 November 2009

Website:

-

Last ex-dividend date:

28 December 2023

Next ex-dividend date:

N/A

Description:

The MNA ETF, or Merger Arbitrage ETF, invests in companies involved in mergers and acquisitions. It aims to profit from price discrepancies during these corporate events, providing investors with exposure to potential gains while managing risks associated with market volatility and deal uncertainties.

Top holdings

Name
Weight
DREY INST PREF GOV MM INS
11.18 %
DFS logo
Discover Financial Services(DFS)
8.50 %
CTLT logo
Catalent(CTLT)
5.47 %
JNPR logo
Juniper Networks(JNPR)
4.41 %
DS Smith Plc(SMDS.L)
4.12 %
HCP logo
HashiCorp(HCP)
4.05 %
SHV logo
iShares Short Treasury Bond ETF(SHV)
3.76 %
BIL logo
SPDR Bloomberg 1-3 Month T-Bill ETF(BIL)
3.46 %
FYBR logo
Frontier Communications Parent(FYBR)
3.43 %
SMAR logo
Smartsheet(SMAR)
3.01 %

Holding types

Countries

Sectors

Analyst ratings

Market Data

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Price

$32.85
MNA price is $32.85

Price YTD Change

+6.69%
MNA price is up +6.69% since January 1st

Price All-time High

$34.41
MNA price is currently -4.53% below its historical high of $34.41

200-day SMA

$31.97
MNA 200-day simple moving average is currently +2.77% above its 200-day simple moving average

50-day SMA

$32.85
MNA 50-day simple moving average is currently +0.01% above its 50-day simple moving average

14-day RSI

53.56
MNA 14-day relative strength index is 53.56

ATR

$0.10
MNA average true range is $0.10

Beta

0.12
MNA beta is 0.12

Dividend

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Last Paid Dividend

$0.38
MNA dividend per share is $0.38

TTM Dividend Per Share

$0.38
MNA TTM dividend per share is $0.38

TTM Dividend 3-Year Change

-50.72%
MNA TTM dividend per share is down -50.72% over the past 3 years

TTM Dividend Yield

1.15%
MNA TTM dividend yield is 1.15%

TTM Dividend Yield 3-Year Change

-51.88%
MNA TTM dividend yield is down -51.88% over the past 3 years
Time for Merger & Acquisition ETFs With Deal-Making Staging a Comeback?
Time for Merger & Acquisition ETFs With Deal-Making Staging a Comeback?
Time for Merger & Acquisition ETFs With Deal-Making Staging a Comeback?
MNA
zacks.com26 September 2024

Deal making should rise in 2024 due to easing inflation and interest rate cuts, pent-up demand for deals, and strategic initiatives taken by companies.

MNA: Merger Arbitrage Improving With Discounts As Biden FTC Risk Is Discounted
MNA: Merger Arbitrage Improving With Discounts As Biden FTC Risk Is Discounted
MNA: Merger Arbitrage Improving With Discounts As Biden FTC Risk Is Discounted
MNA
Seeking Alpha12 March 2024

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 as the Biden Administration has blocked numerous large mergers, and overall volumes have declined. In the coming months, the impact of US government politics on the alpha generation of the merger arbitrage strategy should be closely watched.

MNA: Merger Arbitrage Fund That Fails To Impress
MNA: Merger Arbitrage Fund That Fails To Impress
MNA: Merger Arbitrage Fund That Fails To Impress
MNA
Seeking Alpha27 February 2024

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 between the target company's stock and the offer price. Mergers are highly scrutinized transactions, especially for certain regulated sectors.

NYSE's ETF Leaders: IndexIQ's Sal Bruno
NYSE's ETF Leaders: IndexIQ's Sal Bruno
NYSE's ETF Leaders: IndexIQ's Sal Bruno
MNA
ETF Trends07 July 2023

At Exchange 2023, IndexIQ's CIO Sal Bruno spoke with NYSE's Judy Shaw about “helping clients build better diversified portfolios” with alternatives ETFs. See more: “IndexIQ Launches Active CBRE Real Assets ETF” Coming out of 2022, bonds failed to provide the diversification needed to offset the equity market drawdown.

FAQ

  • What is MNA ETF?
  • Does MNA pay dividends?
  • What stocks are in MNA ETF?
  • What is the current assets under management for MNA?
  • What is MNA average volume?
  • What is MNA expense ratio?
  • What is MNA inception date?

What is MNA ETF?

The MNA ETF, or Merger Arbitrage ETF, invests in companies involved in mergers and acquisitions. It aims to profit from price discrepancies during these corporate events, providing investors with exposure to potential gains while managing risks associated with market volatility and deal uncertainties.

Does MNA pay dividends?

Yes, the NYLI Merger Arbitrage ETF does pays dividends, with the most recent payment being $0.38 per share. The last ex-dividend date was on 28 December 2023, and the next ex-dividend date has not been announced yet

What stocks are in MNA ETF?

As of today, NYLI Merger Arbitrage ETF inlcudes 72 holdings, with 31 of them being companies from 10 different countries and 9 sectors. The most weighted holdings are DREY INST PREF GOV MM INS (11.18%), Discover Financial Services (8.5%) and Catalent (5.47%)

What is the current assets under management for MNA?

Assets under management of NYLI Merger Arbitrage ETF is $264 M

What is MNA average volume?

Average volume of NYLI Merger Arbitrage ETF is $39 K

What is MNA expense ratio?

Expense ratio of NYLI Merger Arbitrage ETF is 0.77%

What is MNA inception date?

Inception date of NYLI Merger Arbitrage ETF is 17 November 2009