NYLI Hedge Multi-Strategy Tracker ETF $QAI Stock Position Increased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 379,819 shares of the company’s stock after buying an additional 26,229 shares during the period. NYLI Hedge Multi-Strategy Tracker ETF makes up 0.8% of Verdence Capital Advisors LLC’s portfolio, making the stock its 23rd biggest position. Verdence Capital Advisors LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $12,276,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 281.8% during the 1st quarter. Farther Finance Advisors LLC now owns 901 shares of the company’s stock valued at $28,000 after buying an additional 665 shares during the period. CX Institutional acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter valued at about $49,000. Perigon Wealth Management LLC acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter valued at about $204,000. AE Wealth Management LLC acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter valued at about $300,000. Finally, NorthRock Partners LLC acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter valued at about $393,000.

NYLI Hedge Multi-Strategy Tracker ETF Trading Down 1.2%

NYLI Hedge Multi-Strategy Tracker ETF stock opened at $33.35 on Monday. The stock has a market cap of $773.72 million, a price-to-earnings ratio of 18.21 and a beta of 0.30. The company’s 50-day moving average price is $33.24 and its two-hundred day moving average price is $32.26. NYLI Hedge Multi-Strategy Tracker ETF has a 52 week low of $29.57 and a 52 week high of $34.08.

NYLI Hedge Multi-Strategy Tracker ETF 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.