Verdence Capital Advisors LLC Has $7.50 Million Holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Verdence Capital Advisors LLC increased its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 249,190 shares of the company’s stock after buying an additional 2,381 shares during the period. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF makes up 0.7% of Verdence Capital Advisors LLC’s holdings, making the stock its 28th largest holding. Verdence Capital Advisors LLC’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $7,501,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in QAI. Morgan Stanley increased its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 6.9% during the 4th quarter. Morgan Stanley now owns 6,899,203 shares of the company’s stock worth $196,351,000 after acquiring an additional 446,033 shares during the period. Royal Bank of Canada raised its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 1.6% in the third quarter. Royal Bank of Canada now owns 1,000,781 shares of the company’s stock valued at $30,054,000 after purchasing an additional 16,192 shares in the last quarter. Colony Group LLC raised its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 374.9% in the second quarter. Colony Group LLC now owns 947,049 shares of the company’s stock valued at $28,250,000 after purchasing an additional 747,614 shares in 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 worth $26,840,000 after purchasing an additional 329,268 shares during the period. Finally, Brio Consultants LLC grew its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 2.1% during the third quarter. Brio Consultants LLC now owns 715,174 shares of the company’s stock worth $21,477,000 after buying an additional 14,738 shares in the last quarter.

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

QAI stock remained flat at $30.40 during mid-day trading on Friday. 41,392 shares of the company’s stock traded hands, compared to its average volume of 120,887. The stock’s 50 day moving average is $30.57 and its two-hundred day moving average is $30.36. The stock has a market capitalization of $571.52 million, a price-to-earnings ratio of 14.57 and a beta of 0.30. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 52-week low of $29.06 and a 52-week high of $31.35.

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.