Davis R M Inc. Invests $202,000 in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Davis R M Inc. bought a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,545 shares of the company’s stock, valued at approximately $202,000.

A number of other large investors have also recently made changes to their positions in the company. Register Financial Advisors LLC acquired a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the first quarter valued at about $45,000. Central Bank & Trust Co. boosted its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 20.9% in the first quarter. Central Bank & Trust Co. now owns 3,079 shares of the company’s stock valued at $95,000 after buying an additional 533 shares in the last quarter. Macroview Investment Management LLC grew its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 148.0% during the fourth quarter. Macroview Investment Management LLC now owns 4,846 shares of the company’s stock worth $146,000 after acquiring an additional 2,892 shares during the period. Able Wealth Management LLC purchased a new position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the fourth quarter worth $150,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the first quarter valued at $218,000.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Trading Down 0.4 %

Shares of NYSEARCA QAI traded down $0.13 during trading on Wednesday, reaching $31.20. The company had a trading volume of 32,212 shares, compared to its average volume of 100,457. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a twelve month low of $29.48 and a twelve month high of $31.59. The stock has a 50-day moving average price of $31.07 and a two-hundred day moving average price of $30.66. The stock has a market capitalization of $564.72 million, a PE ratio of 14.66 and a beta of 0.31.

About IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF

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.