Hexagon Capital Partners LLC Decreases Stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Hexagon Capital Partners LLC cut its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 18.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 11,229 shares of the company’s stock after selling 2,514 shares during the quarter. Hexagon Capital Partners LLC’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QAI. Register Financial Advisors LLC purchased a new position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 1st quarter valued at approximately $45,000. Central Bank & Trust Co. raised its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 20.9% during the 1st quarter. Central Bank & Trust Co. now owns 3,079 shares of the company’s stock valued at $95,000 after purchasing an additional 533 shares during the period. Macroview Investment Management LLC lifted its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 148.0% during the 4th quarter. Macroview Investment Management LLC now owns 4,846 shares of the company’s stock worth $146,000 after purchasing an additional 2,892 shares in the last quarter. Able Wealth Management LLC purchased a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 4th quarter worth about $150,000. Finally, First Bank & Trust bought a new position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 1st quarter worth about $288,000.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Stock Up 0.6 %

Shares of QAI opened at $31.22 on Tuesday. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a twelve month low of $29.18 and a twelve month high of $31.35. The stock has a market cap of $565.08 million, a PE ratio of 14.66 and a beta of 0.31. The business’s 50-day moving average price is $30.87 and its 200-day moving average price is $30.59.

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

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.