IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 12-Month High at $31.63

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.63 and last traded at $31.62, with a volume of 17250 shares traded. The stock had previously closed at $31.60.

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

The business has a 50 day moving average price of $31.25 and a 200-day moving average price of $30.96. The firm has a market capitalization of $572.87 million, a PE ratio of 14.66 and a beta of 0.31.

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

Several hedge funds have recently added to or reduced their stakes in the business. Carolinas Wealth Consulting LLC acquired a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the second quarter worth $32,000. International Assets Investment Management LLC purchased a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at about $42,000. Register Financial Advisors LLC acquired a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 1st quarter valued at about $45,000. Central Bank & Trust Co. lifted its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 20.9% during the 1st quarter. Central Bank & Trust Co. now owns 3,079 shares of the company’s stock worth $95,000 after acquiring an additional 533 shares during the period. Finally, Able Wealth Management LLC acquired a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the fourth quarter worth approximately $150,000.

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.