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

Raymond James & Associates reduced its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,253 shares of the company’s stock after selling 1,207 shares during the quarter. Raymond James & Associates owned 0.72% of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF worth $4,553,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Patten Group Inc. lifted its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 4.8% during the fourth quarter. Patten Group Inc. now owns 10,533 shares of the company’s stock worth $317,000 after purchasing an additional 479 shares in the last quarter. Central Bank & Trust Co. lifted its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 50.6% during the third quarter. Central Bank & Trust Co. now owns 2,431 shares of the company’s stock worth $73,000 after purchasing an additional 817 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 262.4% during the third quarter. EP Wealth Advisors LLC now owns 44,897 shares of the company’s stock worth $1,348,000 after purchasing an additional 32,509 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the third quarter worth $39,000. Finally, Greenleaf Trust lifted its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 21.0% during the third quarter. Greenleaf Trust now owns 59,475 shares of the company’s stock worth $1,786,000 after purchasing an additional 10,337 shares in the last quarter.

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

NYSEARCA QAI opened at $30.83 on Friday. The company’s fifty day simple moving average is $30.51 and its 200-day simple moving average is $30.33. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 52 week low of $29.06 and a 52 week high of $31.35. The stock has a market cap of $579.59 million, a P/E ratio of 14.57 and a beta of 0.30.

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.