Quantitative Advantage LLC Acquires 46,826 Shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Quantitative Advantage LLC increased its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 14.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 370,300 shares of the company’s stock after acquiring an additional 46,826 shares during the quarter. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF makes up about 2.3% of Quantitative Advantage LLC’s holdings, making the stock its 15th largest position. Quantitative Advantage LLC owned about 1.48% of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF worth $11,776,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dubuque Bank & Trust lifted its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 17.0% during the fourth quarter. Dubuque Bank & Trust now owns 331,459 shares of the company’s stock worth $10,584,000 after acquiring an additional 48,206 shares during the period. Mariner LLC increased its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 5.1% in the first quarter. Mariner LLC now owns 208,412 shares of the company’s stock worth $6,628,000 after buying an additional 10,153 shares during the last quarter. Colony Group LLC increased its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 553.0% in the fourth quarter. Colony Group LLC now owns 1,252,893 shares of the company’s stock worth $40,005,000 after buying an additional 1,061,025 shares during the last quarter. Baron Financial Group LLC increased its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 1.2% in the fourth quarter. Baron Financial Group LLC now owns 65,090 shares of the company’s stock worth $2,078,000 after buying an additional 795 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA increased its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 7.7% in the first quarter. LFA Lugano Financial Advisors SA now owns 248,609 shares of the company’s stock worth $7,906,000 after buying an additional 17,704 shares during the last quarter.

NYSEARCA:QAI traded up $0.07 during trading hours on Friday, reaching $32.31. The stock had a trading volume of 21,130 shares, compared to its average volume of 126,221. The stock has a 50 day moving average of $32.01. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 12-month low of $30.03 and a 12-month high of $32.76.

Read More: What is Considered a Good Return on Equity (ROE)?

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Institutional Ownership by Quarter for IndexIQ ETF Trust - IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

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