IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Stock Holdings Lowered by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI – Get Rating) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150,290 shares of the company’s stock after selling 7,714 shares during the period. Raymond James & Associates’ holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $4,277,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the third quarter valued at about $5,932,000. Hancock Whitney Corp lifted its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 1,542.0% in the 4th quarter. Hancock Whitney Corp now owns 139,439 shares of the company’s stock valued at $3,968,000 after acquiring an additional 130,947 shares in the last quarter. UBS Group AG boosted its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 51.3% in the 4th quarter. UBS Group AG now owns 328,828 shares of the company’s stock worth $9,358,000 after purchasing an additional 111,455 shares during the period. Dubuque Bank & Trust Co. grew its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 23.5% during the 4th quarter. Dubuque Bank & Trust Co. now owns 565,041 shares of the company’s stock worth $16,082,000 after purchasing an additional 107,464 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 4th quarter valued at $2,937,000.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Stock Down 0.3 %

QAI opened at $29.13 on Thursday. 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. The firm has a market capitalization of $597.17 million, a P/E ratio of 13.56 and a beta of 0.30. The stock has a fifty day moving average of $29.23 and a 200-day moving average of $29.09.

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

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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.