NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 21.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,927 shares of the company’s stock after acquiring an additional 8,248 shares during the quarter. Envestnet Asset Management Inc. owned about 0.25% of NYLI Hedge Multi-Strategy Tracker ETF worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC boosted its holdings in 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 purchasing an additional 2,149 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 15.6% in the fourth quarter. Moors & Cabot Inc. now owns 8,794 shares of the company’s stock valued at $276,000 after buying an additional 1,184 shares in the last quarter. New York Life Investment Management LLC grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 40.2% during the fourth quarter. New York Life Investment Management LLC now owns 9,308 shares of the company’s stock worth $292,000 after acquiring an additional 2,668 shares during the period. Patten Group Inc. grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 28.8% during the fourth quarter. Patten Group Inc. now owns 9,711 shares of the company’s stock worth $305,000 after acquiring an additional 2,174 shares during the period. Finally, Insight Inv LLC purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter worth $483,000.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

Shares of NYSEARCA QAI opened at $31.25 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 capitalization of $684.38 million, a P/E ratio of 18.48 and a beta of 0.31. The company’s fifty day moving average is $31.15 and its two-hundred day moving average is $31.77.

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.