International Assets Investment Management LLC Takes Position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

International Assets Investment Management LLC bought a new position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,361 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds have also made changes to their positions in QAI. Brio Consultants LLC grew its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 1.8% during the fourth quarter. Brio Consultants LLC now owns 727,758 shares of the company’s stock worth $21,906,000 after buying an additional 12,584 shares during the last quarter. Strategic Advocates LLC acquired a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 4th quarter valued at $545,000. CreativeOne Wealth LLC raised its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 6.8% in the 4th quarter. CreativeOne Wealth LLC now owns 14,170 shares of the company’s stock valued at $427,000 after purchasing an additional 906 shares during the last quarter. Able Wealth Management LLC acquired a new position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the fourth quarter worth $150,000. Finally, Central Bank & Trust Co. grew its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 20.9% during the first quarter. Central Bank & Trust Co. now owns 3,079 shares of the company’s stock worth $95,000 after purchasing an additional 533 shares during the last quarter.

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

Shares of NYSEARCA:QAI opened at $31.32 on Friday. The business has a fifty day moving average of $31.23 and a 200-day moving average of $30.91. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a twelve month low of $29.48 and a twelve month high of $31.63. The firm has a market cap of $566.89 million, a PE ratio of 14.66 and a beta of 0.31.

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.