Wealthcare Advisory Partners LLC Reduces Position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Wealthcare Advisory Partners LLC cut its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 12.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,807 shares of the company’s stock after selling 533 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC raised its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 8,950.2% in the 2nd quarter. HighTower Advisors LLC now owns 1,937,107 shares of the company’s stock worth $58,910,000 after acquiring an additional 1,915,703 shares in the last quarter. Paracle Advisors LLC boosted its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 11.0% during the 2nd quarter. Paracle Advisors LLC now owns 920,026 shares of the company’s stock valued at $27,987,000 after purchasing an additional 91,295 shares during the last quarter. Royal Bank of Canada boosted its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 0.7% during the 2nd quarter. Royal Bank of Canada now owns 623,860 shares of the company’s stock valued at $18,978,000 after purchasing an additional 4,093 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 4.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 478,323 shares of the company’s stock valued at $14,551,000 after purchasing an additional 20,723 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 3.8% during the 2nd quarter. Wells Fargo & Company MN now owns 345,036 shares of the company’s stock valued at $10,496,000 after purchasing an additional 12,591 shares during the last quarter.

QAI traded down $0.02 during trading on Friday, hitting $30.86. 34,393 shares of the company’s stock traded hands, compared to its average volume of 175,842. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 12-month low of $28.73 and a 12-month high of $30.93. The company’s 50 day simple moving average is $30.59 and its two-hundred day simple moving average is $30.33.

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

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