IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 12-Month High at $31.98

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $31.98 and last traded at $31.98, with a volume of 1384 shares trading hands. The stock had previously closed at $31.92.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Stock Up 0.1 %

The firm’s fifty day simple moving average is $31.31 and its 200-day simple moving average is $31.01. The firm has a market capitalization of $578.30 million, a PE ratio of 14.66 and a beta of 0.31.

Institutional Investors Weigh In On IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brio Consultants LLC increased its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 1.8% in the fourth quarter. Brio Consultants LLC now owns 727,758 shares of the company’s stock worth $21,906,000 after buying an additional 12,584 shares in 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 valued at $150,000. Strategic Advocates LLC lifted its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 61.2% during the 1st quarter. Strategic Advocates LLC now owns 29,193 shares of the company’s stock valued at $902,000 after buying an additional 11,087 shares in the last quarter. Central Bank & Trust Co. boosted 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 buying an additional 533 shares during the period. Finally, Register Financial Advisors LLC purchased a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 1st quarter worth $45,000.

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