NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. reduced its stake in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 26.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,682 shares of the company’s stock after selling 2,358 shares during the period. Freedom Investment Management Inc.’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of QAI. Hancock Whitney Corp increased its position in NYLI Hedge Multi-Strategy Tracker ETF by 145.2% during the 3rd quarter. Hancock Whitney Corp now owns 27,333 shares of the company’s stock worth $877,000 after purchasing an additional 16,185 shares during the period. Pitcairn Co. boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 46.9% in the third quarter. Pitcairn Co. now owns 1,602,027 shares of the company’s stock valued at $51,393,000 after buying an additional 511,219 shares in the last quarter. Raymond James Trust N.A. acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF during the third quarter worth $254,000. Endowment Wealth Management Inc. raised its position in NYLI Hedge Multi-Strategy Tracker ETF by 2.6% in the third quarter. Endowment Wealth Management Inc. now owns 206,175 shares of the company’s stock worth $6,614,000 after acquiring an additional 5,167 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 12.9% in the third quarter. Oppenheimer & Co. Inc. now owns 19,116 shares of the company’s stock valued at $613,000 after acquiring an additional 2,187 shares during the period.

NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.2 %

Shares of QAI opened at $32.62 on Monday. NYLI Hedge Multi-Strategy Tracker ETF has a 52-week low of $29.79 and a 52-week high of $32.62. The company has a 50-day simple moving average of $32.18 and a 200-day simple moving average of $31.53. The company has a market capitalization of $590.42 million, a PE ratio of 14.66 and a beta of 0.31.

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.