Wealth Enhancement Advisory Services LLC lowered its position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI – Free Report) by 50.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 23,546 shares of the company’s stock after selling 23,642 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $737,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 281.8% in the 1st quarter. Farther Finance Advisors LLC now owns 901 shares of the company’s stock valued at $28,000 after acquiring an additional 665 shares during the last quarter. CX Institutional acquired a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 1st quarter worth approximately $49,000. Carolinas Wealth Consulting LLC bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter worth approximately $84,000. Steward Partners Investment Advisory LLC raised its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 204.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,198 shares of the company’s stock worth $100,000 after purchasing an additional 2,149 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter valued at approximately $207,000.
NYLI Hedge Multi-Strategy Tracker ETF Stock Performance
Shares of NYSEARCA:QAI opened at $32.47 on Friday. The stock has a market capitalization of $711.09 million, a price-to-earnings ratio of 18.21 and a beta of 0.30. NYLI Hedge Multi-Strategy Tracker ETF has a 1-year low of $29.57 and a 1-year high of $33.09. The company has a 50 day moving average price of $31.86 and a 200 day moving average price of $31.64.
NYLI Hedge Multi-Strategy Tracker ETF Company Profile
The IQ Hedge Multi-Strategy Tracker ETF (QAI) is an exchange-traded fund that is based on the IQ Hedge Multi-Strategy index. The fund tracks an index that aims to emulate hedge fund returns across different strategies, primarily by holding other ETFs. QAI was launched on Mar 25, 2009 and is managed by IndexIQ.
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Want to see what other hedge funds are holding QAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI – Free Report).
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