CX Institutional Buys New Stake in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

CX Institutional purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,578 shares of the company’s stock, valued at approximately $49,000.

Several other institutional investors have also bought and sold shares of QAI. Pitcairn Co. raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 35.4% during the 4th quarter. Pitcairn Co. now owns 2,169,583 shares of the company’s stock valued at $68,147,000 after buying an additional 567,556 shares during the period. Royal Bank of Canada increased its position in NYLI Hedge Multi-Strategy Tracker ETF by 4.2% during the fourth quarter. Royal Bank of Canada now owns 1,153,228 shares of the company’s stock valued at $36,223,000 after acquiring an additional 46,131 shares during the last quarter. Focus Partners Wealth raised its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.9% in the fourth quarter. Focus Partners Wealth now owns 851,126 shares of the company’s stock valued at $26,734,000 after acquiring an additional 15,567 shares during the period. Captrust Financial Advisors lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.2% in the 4th quarter. Captrust Financial Advisors now owns 583,109 shares of the company’s stock worth $18,315,000 after acquiring an additional 6,724 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 0.5% in the 4th quarter. Ameriprise Financial Inc. now owns 334,697 shares of the company’s stock worth $10,512,000 after acquiring an additional 1,755 shares during the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Trading Down 0.4%

QAI stock opened at $31.97 on Wednesday. The stock has a market cap of $700.14 million, a PE ratio of 18.21 and a beta of 0.31. NYLI Hedge Multi-Strategy Tracker ETF has a 12 month low of $29.57 and a 12 month high of $32.80. The company has a 50-day moving average price of $31.48 and a 200 day moving average price of $31.67.

NYLI Hedge Multi-Strategy Tracker ETF 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.