LPL Financial LLC Trims Stock Position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

LPL Financial LLC trimmed its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 19.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,602 shares of the company’s stock after selling 11,770 shares during the quarter. LPL Financial LLC owned about 0.23% of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF worth $1,420,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Eqis Capital Management Inc. acquired a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 4th quarter worth about $208,000. Mercer Global Advisors Inc. ADV purchased a new position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the third quarter worth about $224,000. Cambridge Investment Research Advisors Inc. increased its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 4.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,688 shares of the company’s stock valued at $229,000 after acquiring an additional 339 shares during the last quarter. Greenwood Capital Associates LLC raised its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 15.2% in the 1st quarter. Greenwood Capital Associates LLC now owns 8,884 shares of the company’s stock valued at $260,000 after acquiring an additional 1,172 shares during the period. Finally, Rathbones Group PLC acquired a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 1st quarter worth approximately $282,000.

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

NYSEARCA:QAI opened at $30.32 on Wednesday. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a fifty-two week low of $28.37 and a fifty-two week high of $31.45. The company has a 50 day moving average price of $30.02 and a 200 day moving average price of $29.87. The stock has a market capitalization of $636.72 million, a P/E ratio of 13.56 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.