Greenleaf Trust Sells 21,230 Shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Greenleaf Trust cut its stake 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 filing with the Securities and Exchange Commission. The firm owned 38,245 shares of the company’s stock after selling 21,230 shares during the period. Greenleaf Trust’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of QAI. Colony Group LLC boosted its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 374.9% during the second quarter. Colony Group LLC now owns 947,049 shares of the company’s stock worth $28,250,000 after purchasing an additional 747,614 shares during the last quarter. HTLF Bank acquired a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 4th quarter worth about $20,850,000. Captrust Financial Advisors bought a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at about $14,929,000. Morgan Stanley increased its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 6.9% in the fourth quarter. Morgan Stanley now owns 6,899,203 shares of the company’s stock valued at $196,351,000 after acquiring an additional 446,033 shares during the last quarter. Finally, Alaska Permanent Capital Management raised its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 58.5% during the third quarter. Alaska Permanent Capital Management now owns 892,459 shares of the company’s stock worth $26,840,000 after acquiring an additional 329,268 shares in the last quarter.

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

Shares of NYSEARCA QAI opened at $30.40 on Monday. The stock has a market capitalization of $571.52 million, a PE ratio of 14.57 and a beta of 0.30. 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 50 day moving average price of $30.57 and a 200 day moving average price of $30.36.

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.