Patten Group Inc. Raises Stock Position in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Patten Group Inc. grew its stake in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 28.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,711 shares of the company’s stock after acquiring an additional 2,174 shares during the period. Patten Group Inc. owned about 0.05% of NYLI Hedge Multi-Strategy Tracker ETF worth $305,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pitcairn Co. raised its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 46.9% in the 3rd quarter. Pitcairn Co. now owns 1,602,027 shares of the company’s stock valued at $51,393,000 after acquiring an additional 511,219 shares during the period. Alaska Permanent Capital Management raised its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 3.8% in the 4th quarter. Alaska Permanent Capital Management now owns 678,343 shares of the company’s stock valued at $21,326,000 after acquiring an additional 24,820 shares during the period. Captrust Financial Advisors grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.6% in the third quarter. Captrust Financial Advisors now owns 576,385 shares of the company’s stock valued at $18,490,000 after purchasing an additional 14,356 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.8% in the third quarter. Verdence Capital Advisors LLC now owns 292,667 shares of the company’s stock valued at $9,389,000 after purchasing an additional 7,896 shares in the last quarter. Finally, Endowment Wealth Management Inc. grew its holdings in shares of 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 valued at $6,614,000 after purchasing an additional 5,167 shares in the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

Shares of QAI stock opened at $31.49 on Wednesday. The stock has a market capitalization of $689.63 million, a P/E ratio of 19.24 and a beta of 0.32. The company has a 50 day moving average price of $31.83 and a 200 day moving average price of $31.97. NYLI Hedge Multi-Strategy Tracker ETF has a fifty-two week low of $30.25 and a fifty-two week high of $32.80.

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.