MD Financial Management Inc. Sells 549,141 Shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

MD Financial Management Inc. trimmed its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 21.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,057,497 shares of the company’s stock after selling 549,141 shares during the quarter. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF comprises about 2.8% of MD Financial Management Inc.’s portfolio, making the stock its 18th biggest holding. MD Financial Management Inc. owned approximately 6.34% of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF worth $61,869,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Ellis Investment Partners LLC acquired a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the first quarter worth approximately $33,000. PNC Financial Services Group Inc. acquired a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at approximately $72,000. Patten Group Inc. grew its stake 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 valued at $81,000 after acquiring an additional 1,470 shares during the period. Davis R M Inc. acquired a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the first quarter valued at approximately $202,000. Finally, Stifel Financial Corp grew its stake 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 valued at $265,000 after acquiring an additional 560 shares during the period.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF stock traded down $0.01 during mid-day trading on Wednesday, reaching $30.32. The stock had a trading volume of 106,657 shares, compared to its average volume of 260,250. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a fifty-two week low of $28.73 and a fifty-two week high of $30.82. The company has a 50-day simple moving average of $30.06.

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

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