AE Wealth Management LLC Reduces Stake in IndexIQ ETF Trust by Selling 832 Shares

AE Wealth Management LLC has made a significant adjustment to its investment portfolio by selling 832 shares of the IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI), as reported in the latest 13F filing with the Securities and Exchange Commission (SEC). This sale represents an 8.2% decrease from their previous holding, leaving AE Wealth Management LLC with 9,318 shares in the fund. As of the last reporting period, the value of these shares was approximately $280,000.

Investor Activity around IndexIQ ETF Trust

AE Wealth Management LLC is not alone in changing its stake in the IndexIQ ETF Trust. Other large investors have also been adjusting their positions. Morgan Stanley, for instance, increased its shares by 6.9%, owning now a total of 6,899,203 shares worth roughly $196,351,000. Colony Group LLC's stake soared by 374.9%, summing up to 947,049 shares valued at about $28,250,000.

Royal Bank of Canada has also raised its investment by acquiring an additional 51,518 shares, bringing its total up to 917,440 shares with a market value of $28,294,000. Additionally, Dubuque Bank & Trust Co. and Alaska Permanent Capital Management boosted their holdings by 4.6% and 1.6% respectively, during the same period.

Status of IndexIQ ETF Trust's Stock

The stocks for IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) experienced a slight downturn, with shares opening at $29.94. The ETF has a market capitalization of $628.74 million with a price-to-earnings ratio of 13.56 and a beta of 0.30. Its current trading value fluctuates around its 50-day simple moving average of $30.47 and a 200-day simple moving average of $30.20, having reached a 12-month high of $31.35 and a low of $28.54.

About IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF

The IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF, known as QAI, is designed to replicate the performance of hedge funds across various strategies. It primarily invests in different ETFs and aligns itself with the IQ Hedge Multi-Strategy index. This fund was established on March 25, 2009 and is currently managed by IndexIQ.

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