Wealth Enhancement Advisory Services LLC Sells 5,727 Shares of NYLI Hedge Multi-Strategy Tracker ETF $QAI

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 24.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 17,819 shares of the company’s stock after selling 5,727 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.08% of NYLI Hedge Multi-Strategy Tracker ETF worth $579,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QAI. Farther Finance Advisors LLC lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 281.8% during the 1st quarter. Farther Finance Advisors LLC now owns 901 shares of the company’s stock worth $28,000 after acquiring an additional 665 shares during the period. CX Institutional acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter worth about $49,000. Perigon Wealth Management LLC acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter worth about $204,000. AE Wealth Management LLC acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter worth about $300,000. Finally, Greenwood Capital Associates LLC increased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 67.4% during the 1st quarter. Greenwood Capital Associates LLC now owns 11,508 shares of the company’s stock worth $360,000 after purchasing an additional 4,633 shares in the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

Shares of NYLI Hedge Multi-Strategy Tracker ETF stock opened at $33.72 on Friday. The stock has a market capitalization of $714.86 million, a P/E ratio of 18.21 and a beta of 0.30. The company has a 50-day simple moving average of $33.13 and a 200 day simple moving average of $32.18. NYLI Hedge Multi-Strategy Tracker ETF has a 12-month low of $29.57 and a 12-month high of $34.08.

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.