IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Shares Sold by Greenleaf Trust

Greenleaf Trust lessened its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 35.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,245 shares of the company’s stock after selling 21,230 shares during the quarter. Greenleaf Trust owned approximately 0.18% of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF worth $1,151,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Macroview Investment Management LLC lifted its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 148.0% in the fourth quarter. Macroview Investment Management LLC now owns 4,846 shares of the company’s stock valued at $146,000 after buying an additional 2,892 shares during the last quarter. HTLF Bank bought a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 4th quarter valued at about $20,850,000. Patten Group Inc. lifted its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 4.8% in the 4th quarter. Patten Group Inc. now owns 10,533 shares of the company’s stock valued at $317,000 after purchasing an additional 479 shares during the last quarter. Q3 Asset Management boosted its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 128.1% during the 4th quarter. Q3 Asset Management now owns 123,962 shares of the company’s stock valued at $3,721,000 after purchasing an additional 69,608 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 17.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 63,545 shares of the company’s stock worth $1,913,000 after purchasing an additional 9,594 shares during the last quarter.

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

QAI opened at $30.40 on Monday. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 12 month low of $29.06 and a 12 month high of $31.35. The stock’s 50 day moving average price is $30.57 and its 200 day moving average price is $30.36. The stock has a market cap of $571.52 million, a P/E ratio of 14.57 and a beta of 0.30.

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