Captrust Financial Advisors Buys 6,724 Shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Captrust Financial Advisors boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 583,109 shares of the company’s stock after purchasing an additional 6,724 shares during the quarter. Captrust Financial Advisors owned about 3.22% of NYLI Hedge Multi-Strategy Tracker ETF worth $18,315,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in QAI. Pitcairn Co. increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 35.4% in the 4th quarter. Pitcairn Co. now owns 2,169,583 shares of the company’s stock valued at $68,147,000 after acquiring an additional 567,556 shares during the last quarter. Alaska Permanent Capital Management increased its position 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 buying an additional 24,820 shares in the last quarter. Ameriprise Financial Inc. raised its stake in NYLI Hedge Multi-Strategy Tracker ETF by 0.5% during the 4th quarter. Ameriprise Financial Inc. now owns 334,697 shares of the company’s stock worth $10,512,000 after buying an additional 1,755 shares during the period. Verdence Capital Advisors LLC lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 7.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 314,633 shares of the company’s stock worth $9,883,000 after acquiring an additional 21,966 shares in the last quarter. Finally, Endowment Wealth Management Inc. grew its stake in NYLI Hedge Multi-Strategy Tracker ETF by 3.0% in the fourth quarter. Endowment Wealth Management Inc. now owns 212,297 shares of the company’s stock valued at $6,668,000 after acquiring an additional 6,122 shares during the period.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

NYSEARCA QAI opened at $31.42 on Wednesday. NYLI Hedge Multi-Strategy Tracker ETF has a one year low of $29.57 and a one year high of $32.80. The firm has a market cap of $688.10 million, a P/E ratio of 18.48 and a beta of 0.31. The stock’s 50-day moving average is $31.10 and its 200-day moving average is $31.75.

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.