IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Stake Lifted by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. increased its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 299,562 shares of the company’s stock after purchasing an additional 8,420 shares during the quarter. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF makes up approximately 2.6% of Beacon Harbor Wealth Advisors Inc.’s portfolio, making the stock its 8th biggest position. Beacon Harbor Wealth Advisors Inc.’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $9,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HTLF Bank purchased a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 4th quarter worth approximately $20,850,000. Alaska Permanent Capital Management boosted its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 58.5% in the third quarter. Alaska Permanent Capital Management now owns 892,459 shares of the company’s stock valued at $26,840,000 after acquiring an additional 329,268 shares in the last quarter. Alaska Wealth Advisors grew its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 61.8% during the fourth quarter. Alaska Wealth Advisors now owns 591,089 shares of the company’s stock worth $17,792,000 after purchasing an additional 225,679 shares during the last quarter. Comerica Bank acquired a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the third quarter worth about $4,325,000. Finally, Q3 Asset Management increased its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 128.1% during the fourth quarter. Q3 Asset Management now owns 123,962 shares of the company’s stock worth $3,721,000 after purchasing an additional 69,608 shares in the last quarter.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Trading Up 0.3 %

Shares of NYSEARCA QAI traded up $0.10 during trading hours on Thursday, reaching $30.56. The stock had a trading volume of 12,873 shares, compared to its average volume of 117,253. The firm has a market cap of $568.42 million, a price-to-earnings ratio of 14.50 and a beta of 0.31. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a fifty-two week low of $29.06 and a fifty-two week high of $31.35. The firm has a 50-day moving average of $30.63 and a 200-day moving average of $30.39.

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.