Register Financial Advisors LLC Invests $45,000 in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Register Financial Advisors LLC acquired a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,456 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds also recently bought and sold shares of the company. Central Bank & Trust Co. increased its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 20.9% in the 1st quarter. Central Bank & Trust Co. now owns 3,079 shares of the company’s stock worth $95,000 after purchasing an additional 533 shares during the last quarter. Macroview Investment Management LLC increased its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 148.0% in the 4th quarter. Macroview Investment Management LLC now owns 4,846 shares of the company’s stock worth $146,000 after purchasing an additional 2,892 shares during the last quarter. Able Wealth Management LLC bought a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 4th quarter worth about $150,000. Patten Group Inc. boosted its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 4.8% during the 4th quarter. Patten Group Inc. now owns 10,533 shares of the company’s stock worth $317,000 after acquiring an additional 479 shares in the last quarter. Finally, Sage Financial Group Inc. boosted its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 39.1% during the 4th quarter. Sage Financial Group Inc. now owns 13,345 shares of the company’s stock worth $402,000 after acquiring an additional 3,750 shares in the last quarter.

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

QAI opened at $31.03 on Friday. The company has a market cap of $561.64 million, a PE ratio of 14.66 and a beta of 0.31. The stock has a 50-day moving average of $30.86 and a 200-day moving average of $30.60. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 52-week low of $29.18 and a 52-week high of $31.35.

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.