HBK Sorce Advisory LLC Decreases Holdings in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

HBK Sorce Advisory LLC cut its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,966 shares of the company’s stock after selling 2,084 shares during the period. HBK Sorce Advisory LLC owned about 0.47% of NYLI Hedge Multi-Strategy Tracker ETF worth $2,669,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. US Bancorp DE purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 3rd quarter worth $89,000. Steward Partners Investment Advisory LLC increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 204.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,198 shares of the company’s stock worth $100,000 after purchasing an additional 2,149 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 3rd quarter worth $254,000. Moors & Cabot Inc. increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 15.6% in the 4th quarter. Moors & Cabot Inc. now owns 8,794 shares of the company’s stock worth $276,000 after purchasing an additional 1,184 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 40.2% in the 4th quarter. New York Life Investment Management LLC now owns 9,308 shares of the company’s stock worth $292,000 after purchasing an additional 2,668 shares in the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

NYSEARCA:QAI opened at $31.26 on Thursday. The firm has a market capitalization of $684.59 million, a price-to-earnings ratio of 18.58 and a beta of 0.32. NYLI Hedge Multi-Strategy Tracker ETF has a one year low of $30.25 and a one year high of $32.80. The business has a fifty day moving average price of $31.77 and a 200-day moving average price of $31.97.

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.