Sage Financial Group Inc. Increases Stock Position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Sage Financial Group Inc. lifted its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 39.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,345 shares of the company’s stock after purchasing an additional 3,750 shares during the period. Sage Financial Group Inc. owned about 0.06% of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF worth $402,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of QAI. Colony Group LLC lifted its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 374.9% during the second quarter. Colony Group LLC now owns 947,049 shares of the company’s stock valued at $28,250,000 after acquiring an additional 747,614 shares during the last quarter. Captrust Financial Advisors purchased a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the second quarter valued at approximately $14,929,000. Morgan Stanley lifted its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 6.9% during the fourth quarter. Morgan Stanley now owns 6,899,203 shares of the company’s stock valued at $196,351,000 after acquiring an additional 446,033 shares during the last quarter. Alaska Permanent Capital Management lifted its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 58.5% during the third quarter. Alaska Permanent Capital Management now owns 892,459 shares of the company’s stock valued at $26,840,000 after acquiring an additional 329,268 shares during the last quarter. Finally, Alaska Wealth Advisors lifted its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 61.8% during the fourth quarter. Alaska Wealth Advisors now owns 591,089 shares of the company’s stock valued at $17,792,000 after acquiring an additional 225,679 shares during the last quarter.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Stock Performance

NYSEARCA:QAI traded up $0.08 during midday trading on Thursday, reaching $30.85. 21,564 shares of the stock traded hands, compared to its average volume of 121,345. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 12-month low of $28.96 and a 12-month high of $31.35. The business has a 50-day moving average of $30.34 and a two-hundred day moving average of $30.29. The stock has a market capitalization of $647.85 million, a PE ratio of 13.56 and a beta of 0.30.

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.