Private Advisor Group LLC Has $4.03 Million Holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Private Advisor Group LLC lowered its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 3.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 133,961 shares of the company’s stock after selling 4,631 shares during the period. Private Advisor Group LLC’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $4,032,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of QAI. Patten Group Inc. grew its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 4.8% in the 4th quarter. Patten Group Inc. now owns 10,533 shares of the company’s stock valued at $317,000 after purchasing an additional 479 shares during the period. Endowment Wealth Management Inc. boosted its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 0.4% in the third quarter. Endowment Wealth Management Inc. now owns 192,559 shares of the company’s stock valued at $5,783,000 after acquiring an additional 722 shares during the last quarter. Baron Financial Group LLC grew its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 0.8% during the 4th quarter. Baron Financial Group LLC now owns 89,020 shares of the company’s stock valued at $2,680,000 after acquiring an additional 735 shares during the period. NBC Securities Inc. purchased a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 3rd quarter worth approximately $39,000. Finally, Verdence Capital Advisors LLC raised its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 1.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 249,190 shares of the company’s stock worth $7,501,000 after purchasing an additional 2,381 shares during the period.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Trading Down 0.1 %

Shares of NYSEARCA QAI opened at $30.78 on Friday. The firm has a market cap of $572.51 million, a price-to-earnings ratio of 14.50 and a beta of 0.31. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 1-year low of $29.06 and a 1-year high of $31.35. The stock has a fifty day simple moving average of $30.67 and a two-hundred day simple moving average of $30.42.

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.