Raymond James Financial Services Advisors Inc. trimmed its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,982 shares of the company’s stock after selling 2,793 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $1,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in QAI. Ellis Investment Partners LLC purchased a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the first quarter valued at about $33,000. PNC Financial Services Group Inc. purchased a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at about $72,000. Patten Group Inc. lifted its position in shares of 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 valued at $81,000 after acquiring an additional 1,470 shares in the last quarter. Davis R M Inc. purchased a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the first quarter worth about $202,000. Finally, Stifel Financial Corp lifted its position in shares of 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 buying an additional 560 shares in the last quarter.

NYSEARCA:QAI opened at $29.88 on Tuesday. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 12 month low of $28.73 and a 12 month high of $30.82.

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

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