Wells Fargo & Company MN Sells 188,063 Shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Wells Fargo & Company MN reduced its position in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 45.2% during the first quarter, HoldingsChannel reports. The firm owned 228,242 shares of the company’s stock after selling 188,063 shares during the period. Wells Fargo & Company MN’s holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF were worth $6,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James & Associates grew its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 2.7% in the fourth quarter. Raymond James & Associates now owns 2,336,265 shares of the company’s stock worth $71,957,000 after purchasing an additional 61,100 shares during the period. Baystate Wealth Management LLC lifted its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 233,435.9% during the 1st quarter. Baystate Wealth Management LLC now owns 1,165,344 shares of the company’s stock valued at $33,177,000 after buying an additional 1,164,845 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 11.9% in the first quarter. Envestnet Asset Management Inc. now owns 646,921 shares of the company’s stock valued at $18,418,000 after purchasing an additional 68,739 shares during the period. Colony Group LLC raised its stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 17.2% during the 4th quarter. Colony Group LLC now owns 565,577 shares of the company’s stock valued at $17,420,000 after purchasing an additional 82,806 shares during the period. Finally, Aspiriant LLC lifted its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 245.4% in the 1st quarter. Aspiriant LLC now owns 345,840 shares of the company’s stock worth $9,847,000 after purchasing an additional 245,700 shares in the last quarter.

Shares of QAI stock opened at $30.27 on Wednesday. The business has a 50-day moving average price of $30.02 and a two-hundred day moving average price of $29.98. IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF has a 12-month low of $26.58 and a 12-month high of $32.01.

See Also: What is a stock portfolio tracker?

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)

Receive News & Ratings for IndexIQ ETF Trust - IQ Hedge Multi-Strategy Tracker ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IndexIQ ETF Trust - IQ Hedge Multi-Strategy Tracker ETF and related companies with MarketBeat.com's FREE daily email newsletter.