Carolinas Wealth Consulting LLC Makes New $32,000 Investment in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Carolinas Wealth Consulting LLC bought a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,018 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brio Consultants LLC increased its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 1.8% in the 4th quarter. Brio Consultants LLC now owns 727,758 shares of the company’s stock worth $21,906,000 after acquiring an additional 12,584 shares in the last quarter. Raymond James & Associates increased its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 10.1% during the second quarter. Raymond James & Associates now owns 163,743 shares of the company’s stock valued at $5,081,000 after purchasing an additional 14,967 shares in the last quarter. Able Wealth Management LLC purchased a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the fourth quarter valued at approximately $150,000. CreativeOne Wealth LLC boosted its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 6.8% in the 4th quarter. CreativeOne Wealth LLC now owns 14,170 shares of the company’s stock worth $427,000 after purchasing an additional 906 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 1st quarter worth approximately $45,000.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Stock Up 0.7 %

QAI stock opened at $31.91 on Friday. The business has a 50 day moving average of $31.29 and a 200 day moving average of $30.99. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a twelve month low of $29.48 and a twelve month high of $31.94. The firm has a market cap of $577.57 million, a PE 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.