Hexagon Capital Partners LLC Sells 11,035 Shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Hexagon Capital Partners LLC cut its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 44.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,743 shares of the company’s stock after selling 11,035 shares during the period. Hexagon Capital Partners LLC’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $414,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of QAI. Brio Consultants LLC boosted its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 1.8% during the fourth quarter. Brio Consultants LLC now owns 727,758 shares of the company’s stock valued at $21,906,000 after buying an additional 12,584 shares during the period. Verdence Capital Advisors LLC grew its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 1.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 249,190 shares of the company’s stock worth $7,501,000 after acquiring an additional 2,381 shares during the last quarter. HTLF Bank purchased a new position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 4th quarter worth approximately $20,850,000. Macroview Investment Management LLC lifted its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 148.0% in the fourth quarter. Macroview Investment Management LLC now owns 4,846 shares of the company’s stock valued at $146,000 after purchasing an additional 2,892 shares during the last quarter. Finally, Q3 Asset Management boosted its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 128.1% during the fourth quarter. Q3 Asset Management now owns 123,962 shares of the company’s stock valued at $3,721,000 after purchasing an additional 69,608 shares during the period.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Price Performance

QAI traded down $0.06 during midday trading on Wednesday, reaching $30.46. 1,442 shares of the company’s stock traded hands, compared to its average volume of 117,936. The firm has a fifty day moving average of $30.62 and a two-hundred day moving average of $30.39. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 52 week low of $29.06 and a 52 week high of $31.35. The stock has a market capitalization of $566.56 million, a price-to-earnings ratio of 14.50 and a beta of 0.31.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Company Profile

The IQ Hedge Multi-Strategy Tracker ETF (QAI) is an exchange-traded fund that is based on the IQ Hedge Multi-Strategy index. The fund tracks an index that aims to emulate hedge fund returns across different strategies, primarily by holding other ETFs. QAI was launched on Mar 25, 2009 and is managed by IndexIQ.