Ameriprise Financial Inc. Boosts Stake in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Ameriprise Financial Inc. lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 334,697 shares of the company’s stock after buying an additional 1,755 shares during the period. Ameriprise Financial Inc. owned approximately 1.85% of NYLI Hedge Multi-Strategy Tracker ETF worth $10,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Comerica Bank raised its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 12.4% in the 4th quarter. Comerica Bank now owns 146,503 shares of the company’s stock valued at $4,602,000 after acquiring an additional 16,209 shares during the period. Hancock Whitney Corp boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 14.7% in the 4th quarter. Hancock Whitney Corp now owns 31,353 shares of the company’s stock valued at $985,000 after buying an additional 4,020 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 168.0% in the 4th quarter. Stifel Financial Corp now owns 27,265 shares of the company’s stock valued at $856,000 after buying an additional 17,090 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 4.4% during the 4th quarter. CreativeOne Wealth LLC now owns 17,512 shares of the company’s stock worth $550,000 after purchasing an additional 741 shares during the period. Finally, Rathbones Group PLC boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 7.2% during the 4th quarter. Rathbones Group PLC now owns 13,263 shares of the company’s stock worth $417,000 after purchasing an additional 895 shares during the period.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

Shares of NYLI Hedge Multi-Strategy Tracker ETF stock opened at $32.00 on Tuesday. The company has a market cap of $705.60 million, a P/E ratio of 18.84 and a beta of 0.31. 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 fifty day moving average of $31.15 and a two-hundred day moving average of $31.72.

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.