IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) is Beacon Harbor Wealth Advisors Inc.’s 8th Largest Position

Beacon Harbor Wealth Advisors Inc. increased its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 299,562 shares of the company’s stock after acquiring an additional 8,420 shares during the quarter. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF comprises approximately 2.6% of Beacon Harbor Wealth Advisors Inc.’s portfolio, making the stock its 8th biggest position. Beacon Harbor Wealth Advisors Inc. owned 1.43% of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF worth $9,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the third quarter worth $39,000. Macroview Investment Management LLC purchased a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the third quarter worth $59,000. Aspire Wealth Management Corp purchased a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the third quarter worth $152,000. Patten Group Inc. lifted its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 4.8% in the fourth quarter. Patten Group Inc. now owns 10,533 shares of the company’s stock worth $317,000 after acquiring an additional 479 shares during the period. Finally, Sage Financial Group Inc. lifted its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 39.1% in the fourth quarter. Sage Financial Group Inc. now owns 13,345 shares of the company’s stock worth $402,000 after acquiring an additional 3,750 shares during the period.

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

QAI stock traded up $0.10 on Thursday, reaching $30.56. The company’s stock had a trading volume of 12,873 shares, compared to its average volume of 117,253. The business has a fifty day simple moving average of $30.63 and a two-hundred day simple moving average of $30.39. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 12-month low of $29.06 and a 12-month high of $31.35. The firm has a market cap of $568.42 million, a PE ratio of 14.50 and a beta of 0.31.

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