IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Stake Lifted by EP Wealth Advisors LLC

EP Wealth Advisors LLC lifted its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 336.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 175,416 shares of the company’s stock after acquiring an additional 135,254 shares during the period. EP Wealth Advisors LLC owned 0.94% of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF worth $5,419,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. HTLF Bank bought a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the fourth quarter worth $20,850,000. Pitcairn Co. grew its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 17.9% in the 1st quarter. Pitcairn Co. now owns 1,046,094 shares of the company’s stock valued at $32,314,000 after buying an additional 158,727 shares in the last quarter. Q3 Asset Management increased its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 128.1% during the 4th quarter. Q3 Asset Management now owns 123,962 shares of the company’s stock valued at $3,721,000 after buying an additional 69,608 shares during the period. International Assets Investment Management LLC bought a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 4th quarter worth about $1,325,000. Finally, Verdence Capital Advisors LLC lifted its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 12.0% in the 1st quarter. Verdence Capital Advisors LLC now owns 278,992 shares of the company’s stock worth $8,618,000 after acquiring an additional 29,802 shares during the period.

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

NYSEARCA QAI traded up $0.16 on Friday, reaching $31.26. The company’s stock had a trading volume of 34,416 shares, compared to its average volume of 99,768. The firm’s 50 day moving average is $31.07 and its two-hundred day moving average is $30.67. The stock has a market cap of $565.81 million, a PE ratio of 14.66 and a beta of 0.31. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a twelve month low of $29.48 and a twelve month high of $31.59.

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