Mercer Global Advisors Inc. ADV Has $553,000 Stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Mercer Global Advisors Inc. ADV raised its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI – Get Rating) by 140.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,446 shares of the company’s stock after acquiring an additional 11,362 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of QAI. IFP Advisors Inc acquired a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 3rd quarter valued at $59,000. Belpointe Asset Management LLC lifted its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 7.0% in the fourth quarter. Belpointe Asset Management LLC now owns 6,924 shares of the company’s stock valued at $197,000 after purchasing an additional 452 shares in the last quarter. Richard W. Paul & Associates LLC bought a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at about $232,000. Catalyst Wealth Management LLC bought a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at about $260,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 9.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 10,858 shares of the company’s stock worth $309,000 after acquiring an additional 930 shares in the last quarter.

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

QAI opened at $29.30 on Monday. The business’s 50-day simple moving average is $29.20 and its 200 day simple moving average is $29.07. The firm has a market capitalization of $600.65 million, a PE ratio of 13.56 and a beta of 0.30. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 52-week low of $26.94 and a 52-week high of $31.45.

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

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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.