First Bank & Trust Takes Position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

First Bank & Trust acquired a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,315 shares of the company’s stock, valued at approximately $288,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Patten Group Inc. raised its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 4.8% in the 4th quarter. Patten Group Inc. now owns 10,533 shares of the company’s stock worth $317,000 after purchasing an additional 479 shares during the period. Central Bank & Trust Co. raised its holdings 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 period. Baron Financial Group LLC increased its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 0.8% during the 4th quarter. Baron Financial Group LLC now owns 89,020 shares of the company’s stock worth $2,680,000 after buying an additional 735 shares in the last quarter. CreativeOne Wealth LLC increased its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 6.8% during the 4th quarter. CreativeOne Wealth LLC now owns 14,170 shares of the company’s stock worth $427,000 after buying an additional 906 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 1st quarter worth approximately $45,000.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Trading Up 0.2 %

NYSEARCA:QAI opened at $31.03 on Friday. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 12 month low of $29.18 and a 12 month high of $31.35. The stock has a 50 day moving average of $30.86 and a two-hundred day moving average of $30.59. The firm has a market cap of $561.64 million, a P/E ratio of 14.66 and a beta of 0.31.

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.