Cambridge Investment Research Advisors Inc. reduced its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 32.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 51,294 shares of the company’s stock after selling 25,018 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Ellis Investment Partners LLC bought a new position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the first quarter worth $33,000. PNC Financial Services Group Inc. bought a new position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the fourth quarter worth $72,000. Patten Group Inc. lifted its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 111.4% in the fourth quarter. Patten Group Inc. now owns 2,790 shares of the company’s stock worth $81,000 after purchasing an additional 1,470 shares during the period. Davis R M Inc. bought a new position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the first quarter worth $202,000. Finally, Stifel Financial Corp lifted its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 6.5% in the fourth quarter. Stifel Financial Corp now owns 9,223 shares of the company’s stock worth $265,000 after purchasing an additional 560 shares during the period.

Shares of QAI stock opened at $29.88 on Tuesday. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a one year low of $28.73 and a one year high of $30.82.

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Want to see what other hedge funds are holding QAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI).

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

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