Wells Fargo & Company MN Boosts Position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Wells Fargo & Company MN increased its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 345,036 shares of the company’s stock after buying an additional 12,591 shares during the period. Wells Fargo & Company MN’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $10,496,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Gradient Investments LLC grew its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 1,379.4% during the 2nd quarter. Gradient Investments LLC now owns 2,086 shares of the company’s stock worth $63,000 after acquiring an additional 1,945 shares in the last quarter. Advisors Preferred LLC boosted its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 201.2% in the 2nd quarter. Advisors Preferred LLC now owns 2,051 shares of the company’s stock valued at $63,000 after buying an additional 1,370 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at about $119,000. NEXT Financial Group Inc bought a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at about $142,000. Finally, MainStreet Investment Advisors LLC bought a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at about $216,000.

Shares of NYSEARCA:QAI traded up $0.04 during trading on Thursday, reaching $30.52. The stock had a trading volume of 300 shares, compared to its average volume of 204,168. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a one year low of $28.73 and a one year high of $30.81. The firm’s 50-day simple moving average is $30.28 and its 200 day simple moving average is $30.19.

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

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