Parallel Advisors LLC Sells 382 Shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Parallel Advisors LLC cut its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAIFree Report) by 18.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,697 shares of the company’s stock after selling 382 shares during the quarter. Parallel Advisors LLC’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $51,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QAI. Macroview Investment Management LLC increased its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 148.0% during the fourth quarter. Macroview Investment Management LLC now owns 4,846 shares of the company’s stock worth $146,000 after buying an additional 2,892 shares in the last quarter. HTLF Bank bought a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 4th quarter worth $20,850,000. Verdence Capital Advisors LLC increased its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 1.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 249,190 shares of the company’s stock worth $7,501,000 after purchasing an additional 2,381 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC bought a new position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at about $874,000. Finally, Patten Group Inc. boosted its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 4.8% during the fourth quarter. Patten Group Inc. now owns 10,533 shares of the company’s stock valued at $317,000 after purchasing an additional 479 shares in the last quarter.

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

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF stock opened at $30.88 on Friday. The business has a 50 day moving average of $30.77 and a 200-day moving average of $30.56. The company has a market capitalization of $558.93 million, a P/E ratio of 14.66 and a beta of 0.31. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 1 year low of $29.18 and a 1 year high of $31.35.

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

(Free Report)

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.

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Institutional Ownership by Quarter for IndexIQ ETF Trust - IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

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