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      <invstOrSec>
        <name>Advanced Disposal Services Inc</name>
        <lei>549300ML1GEF4BKIM713</lei>
        <title>Advanced Disposal Services Inc</title>
        <cusip>00790X101</cusip>
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          <ticker value="ADSW"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Buckeye Partners LP</name>
        <lei>549300C1PQJLVEIUBK50</lei>
        <title>Buckeye Partners LP</title>
        <cusip>118230101</cusip>
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          <isin value="US1182301010"/>
          <ticker value="BPL"/>
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        <curCd>USD</curCd>
        <valUSD>17841067.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>WABCO Holdings Inc</name>
        <lei>549300SNE3FOSCV7FY94</lei>
        <title>WABCO Holdings Inc</title>
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          <isin value="US92927K1025"/>
          <ticker value="WBC"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Cobham PLC</name>
        <lei>213800A41R9NL49E5632</lei>
        <title>Cobham PLC</title>
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      <invstOrSec>
        <name>Mellanox Technologies Ltd</name>
        <lei>5299007E0TX53VXVFJ97</lei>
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          <isin value="IL0011017329"/>
          <ticker value="MLNX"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

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        <name>Zayo Group Holdings Inc</name>
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          <isin value="US98919V1052"/>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; COMPANY LLC</name>
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          <other otherDesc="INTERNAL" value="XLC SMS"/>
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                <issuerName>Communication Services Select Sector SPDR Fund</issuerName>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="COMM SERV SELECT SECTOR SPDR" floatingRtSpread="0" pmntAmt="-796755">
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Hembla AB</name>
        <lei>549300SXRQEW4EIZGT87</lei>
        <title>Hembla AB</title>
        <cusip>000000000</cusip>
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          <isin value="SE0005594728"/>
          <ticker value="HEMB"/>
          <other otherDesc="SEDOL" value="BHBFFY1"/>
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        <balance>110523.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WESTJET AIRLINES LTD</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Viacom Inc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Cambrex Corp</name>
        <lei>4Q9DLX2VIFGJMOYJ4Y35</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>OMNOVA Solutions Inc</name>
        <lei>549300XWPR0FMV5INI52</lei>
        <title>OMNOVA Solutions Inc</title>
        <cusip>682129101</cusip>
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          <isin value="US6821291019"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Avon Products Inc</name>
        <lei>5493007RY69UEB1F1B45</lei>
        <title>Avon Products Inc</title>
        <cusip>054303102</cusip>
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          <isin value="US0543031027"/>
          <ticker value="AVP"/>
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        <balance>2084721.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8943453.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Carrizo Oil &amp; Gas Inc</name>
        <lei>6X88M1NLGKDIRGWMPT94</lei>
        <title>Carrizo Oil &amp; Gas Inc</title>
        <cusip>144577103</cusip>
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          <ticker value="CRZO"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BCA Marketplace PLC</name>
        <lei>213800DF1FHPDJ7Q7C85</lei>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; COMPANY LLC</name>
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        <name>Cypress Semiconductor Corp</name>
        <lei>549300T2071OM26ZSE13</lei>
        <title>Cypress Semiconductor Corp</title>
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      <invstOrSec>
        <name>Acacia Communications Inc</name>
        <lei>549300PZLTIVLKOBPB61</lei>
        <title>Acacia Communications Inc</title>
        <cusip>00401C108</cusip>
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          <ticker value="ACIA"/>
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        <balance>198523.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>Altran Technologies SA</name>
        <lei>969500T0V37NV3M8PR58</lei>
        <title>Altran Technologies SA</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000034639"/>
          <ticker value="ALT"/>
          <other otherDesc="SEDOL" value="4907732"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Allergan PLC</name>
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        <name>Pivotal Software Inc</name>
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        <name>Milacron Holdings Corp</name>
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        <name>Unizo Holdings Co Ltd</name>
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        <name>Genomic Health Inc</name>
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        <curCd>USD</curCd>
        <valUSD>28970926.36000000</valUSD>
        <pctVal>3.252507376566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gannett Co Inc</name>
        <lei>549300S74UKH4O12NI89</lei>
        <title>Gannett Co Inc</title>
        <cusip>36473H104</cusip>
        <identifiers>
          <isin value="US36473H1041"/>
          <ticker value="GCI"/>
        </identifiers>
        <balance>422925.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4588736.25000000</valUSD>
        <pctVal>0.515168148811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DREAM GLOBAL REAL ESTATE</name>
        <lei>549300B5ZRQ7QDUOWK16</lei>
        <title>DREAM GLOBAL REAL ESTATE</title>
        <cusip>26154A106</cusip>
        <identifiers>
          <isin value="CA26154A1066"/>
          <ticker value="DRG-U"/>
          <other otherDesc="SEDOL" value="BMJ71D5"/>
        </identifiers>
        <balance>294534.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.31435000"/>
        <valUSD>3737837.81000000</valUSD>
        <pctVal>0.419639499902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EI Group PLC</name>
        <lei>2138004TQBE43SK9FT76</lei>
        <title>EI Group PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1L8B624"/>
          <ticker value="EIG"/>
          <other otherDesc="SEDOL" value="B1L8B62"/>
        </identifiers>
        <balance>918113.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77279800"/>
        <valUSD>3345513.59000000</valUSD>
        <pctVal>0.375594052280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dova Pharmaceuticals Inc</name>
        <lei>5299002ZW0UYRIRJ3226</lei>
        <title>Dova Pharmaceuticals Inc</title>
        <cusip>25985T102</cusip>
        <identifiers>
          <isin value="US25985T1025"/>
          <ticker value="DOVA"/>
        </identifiers>
        <balance>327619.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9340417.69000000</valUSD>
        <pctVal>1.048629824929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZOZO Inc</name>
        <lei>549300GC7XPQMZA0OW13</lei>
        <title>ZOZO Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3399310006"/>
          <ticker value="3092"/>
          <other otherDesc="SEDOL" value="B292RC1"/>
        </identifiers>
        <balance>1406201.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.10500000"/>
        <valUSD>32922572.79000000</valUSD>
        <pctVal>3.696150738309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="31132810.1041649"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DREYFUS GOVERNMENT CASH MANAGEMENT</name>
        <lei>N/A</lei>
        <title>DREYFUS GOVERNMENT CASH MANAGEMENT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="DGCXX"/>
          <other otherDesc="INTERNAL" value="996086609"/>
        </identifiers>
        <balance>52783316.92000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52783316.92000000</valUSD>
        <pctVal>5.925876359928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="52783316.92" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Raytheon Co</name>
        <lei>YR6K3WJN0KKLUPZSNL57</lei>
        <title>Raytheon Co</title>
        <cusip>755111507</cusip>
        <identifiers>
          <isin value="US7551115071"/>
          <ticker value="RTN"/>
        </identifiers>
        <balance>353044.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>74919467.24000000</valUSD>
        <pctVal>8.411057237817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Genesee &amp; Wyoming Inc</name>
        <lei>G617XSG94Z7G0RMW3L02</lei>
        <title>Genesee &amp; Wyoming Inc</title>
        <cusip>371559105</cusip>
        <identifiers>
          <isin value="US3715591059"/>
          <ticker value="GWR"/>
        </identifiers>
        <balance>233608.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25937496.24000000</valUSD>
        <pctVal>2.911950305004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WellCare Health Plans Inc</name>
        <lei>529900JCT1MMTWHZ5P23</lei>
        <title>WellCare Health Plans Inc</title>
        <cusip>94946T106</cusip>
        <identifiers>
          <isin value="US94946T1060"/>
          <ticker value="WCG"/>
        </identifiers>
        <balance>167080.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49555928.00000000</valUSD>
        <pctVal>5.563543925718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pacific Biosciences of Califor</name>
        <lei>N/A</lei>
        <title>Pacific Biosciences of California Inc</title>
        <cusip>69404D108</cusip>
        <identifiers>
          <isin value="US69404D1081"/>
          <ticker value="PACB"/>
        </identifiers>
        <balance>1516096.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7337904.64000000</valUSD>
        <pctVal>0.823811730200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="421626.92"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2019-11-01</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
