Sowell Financial Services LLC Makes New $3.08 Million Investment in NYLIM Hedge Multi-Strategy Tracker ETF $QAI

Sowell Financial Services LLC acquired a new stake in NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 85,507 shares of the company’s stock, valued at approximately $3,082,000. Sowell Financial Services LLC owned about 0.31% of NYLIM Hedge Multi-Strategy Tracker ETF at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Diversify Advisory Services LLC boosted its holdings in shares of NYLIM Hedge Multi-Strategy Tracker ETF by 145.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 146,907 shares of the company’s stock worth $5,284,000 after buying an additional 87,081 shares during the period. Aspiriant LLC acquired a new position in NYLIM Hedge Multi-Strategy Tracker ETF in the 3rd quarter valued at about $7,624,000. Baron Financial Group LLC raised its holdings in NYLIM Hedge Multi-Strategy Tracker ETF by 0.4% in the 3rd quarter. Baron Financial Group LLC now owns 99,257 shares of the company’s stock valued at $3,577,000 after acquiring an additional 371 shares during the period. Envestnet Asset Management Inc. raised its holdings in NYLIM Hedge Multi-Strategy Tracker ETF by 5.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 113,807 shares of the company’s stock valued at $4,165,000 after acquiring an additional 6,380 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in NYLIM Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at about $61,000.

NYLIM Hedge Multi-Strategy Tracker ETF Stock Up 0.3%

Shares of QAI stock opened at $35.84 on Thursday. The firm has a 50 day moving average price of $36.28 and a two-hundred day moving average price of $36.11. The company has a market capitalization of $996.35 million, a PE ratio of 18.21 and a beta of 0.34. NYLIM Hedge Multi-Strategy Tracker ETF has a 12-month low of $33.00 and a 12-month high of $36.90.

NYLIM 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.