UBS Group AG Raises Stock Position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

UBS Group AG lifted its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI – Get Rating) by 51.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 328,828 shares of the company’s stock after buying an additional 111,455 shares during the quarter. UBS Group AG owned about 1.55% of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF worth $9,358,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 0.3% during the 3rd quarter. Royal Bank of Canada now owns 931,426 shares of the company’s stock worth $25,837,000 after buying an additional 3,046 shares during the last quarter. Brio Consultants LLC increased its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 3.1% in the 4th quarter. Brio Consultants LLC now owns 655,247 shares of the company’s stock valued at $18,648,000 after acquiring an additional 19,607 shares during the period. Dubuque Bank & Trust Co. increased its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 23.5% in the 4th quarter. Dubuque Bank & Trust Co. now owns 565,041 shares of the company’s stock valued at $16,082,000 after acquiring an additional 107,464 shares during the period. Wells Fargo & Company MN increased its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 30.0% in the 2nd quarter. Wells Fargo & Company MN now owns 415,486 shares of the company’s stock valued at $11,920,000 after acquiring an additional 95,794 shares during the period. Finally, Verdence Capital Advisors LLC increased its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 7.1% in the 4th quarter. Verdence Capital Advisors LLC now owns 263,085 shares of the company’s stock valued at $7,487,000 after acquiring an additional 17,377 shares during the period.

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

Shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF stock opened at $29.23 on Wednesday. The firm’s fifty day simple moving average is $29.21 and its 200-day simple moving average is $29.08. The stock has a market capitalization of $599.22 million, a price-to-earnings ratio of 13.56 and a beta of 0.30. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 12 month low of $26.94 and a 12 month high of $31.45.

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