Cambridge Investment Research Advisors Inc. grew its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 55.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 42,291 shares of the company’s stock after acquiring an additional 15,117 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $1,285,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. First Citizens Bank & Trust Co. purchased a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the second quarter valued at $223,000. Cornerstone Wealth Management LLC purchased a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the second quarter valued at $353,000. Highland Private Wealth Management purchased a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the second quarter valued at $501,000. Resources Investment Advisors Inc. lifted its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 12.6% in the first quarter. Resources Investment Advisors Inc. now owns 17,135 shares of the company’s stock valued at $522,000 after purchasing an additional 1,913 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 6.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 60,027 shares of the company’s stock valued at $1,824,000 after purchasing an additional 3,484 shares in the last quarter.

QAI opened at $30.54 on Thursday. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 12-month low of $29.76 and a 12-month high of $33.13.

Further Reading: What are the Different Types of Leveraged Buyouts?

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

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