LPL Financial LLC Has $2.12 Million Stake in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

LPL Financial LLC boosted its position in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,508 shares of the company’s stock after acquiring an additional 10,333 shares during the period. LPL Financial LLC owned 0.37% of NYLI Hedge Multi-Strategy Tracker ETF worth $2,120,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Jane Street Group LLC lifted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 58.1% in the third quarter. Jane Street Group LLC now owns 53,586 shares of the company’s stock valued at $1,719,000 after buying an additional 19,700 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 12.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 21,425 shares of the company’s stock valued at $673,000 after acquiring an additional 2,309 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position 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 valued at $100,000 after acquiring an additional 2,149 shares during the period. Endowment Wealth Management Inc. boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 3.0% during the 4th quarter. Endowment Wealth Management Inc. now owns 212,297 shares of the company’s stock worth $6,668,000 after acquiring an additional 6,122 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 15.6% during the 4th quarter. Moors & Cabot Inc. now owns 8,794 shares of the company’s stock worth $276,000 after acquiring an additional 1,184 shares during the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

Shares of NYSEARCA:QAI opened at $30.52 on Tuesday. The company has a 50 day moving average price of $31.42 and a two-hundred day moving average price of $31.87. The company has a market capitalization of $669.91 million, a PE ratio of 18.73 and a beta of 0.32. NYLI Hedge Multi-Strategy Tracker ETF has a 52 week low of $29.57 and a 52 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.