Steward Partners Investment Advisory LLC Purchases 2,149 Shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Steward Partners Investment Advisory LLC grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 204.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,198 shares of the company’s stock after purchasing an additional 2,149 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $100,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James Trust N.A. acquired a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the third quarter worth approximately $254,000. New York Life Investment Management LLC grew its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 40.2% during the 4th quarter. New York Life Investment Management LLC now owns 9,308 shares of the company’s stock worth $292,000 after acquiring an additional 2,668 shares during the period. Insight Inv LLC bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 4th quarter worth $483,000. CreativeOne Wealth LLC boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 8.2% in the 3rd quarter. CreativeOne Wealth LLC now owns 16,771 shares of the company’s stock worth $538,000 after purchasing an additional 1,270 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter worth about $550,000.

NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.6 %

Shares of NYSEARCA QAI opened at $31.61 on Tuesday. The business has a 50-day simple moving average of $31.76 and a two-hundred day simple moving average of $31.97. NYLI Hedge Multi-Strategy Tracker ETF has a 52 week low of $30.25 and a 52 week high of $32.80. The company has a market cap of $692.26 million, a P/E ratio of 18.58 and a beta of 0.32.

About NYLI Hedge Multi-Strategy Tracker ETF

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.