Farther Finance Advisors LLC Has $59,000 Position in NYLI Hedge Multi-Strategy Tracker ETF $QAI

Farther Finance Advisors LLC lifted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 101.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,811 shares of the company’s stock after purchasing an additional 910 shares during the period. Farther Finance Advisors LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $59,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CX Institutional bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter worth approximately $49,000. Perigon Wealth Management LLC bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter worth approximately $204,000. AE Wealth Management LLC bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter worth approximately $300,000. Greenwood Capital Associates LLC raised its stake 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. Finally, NorthRock Partners LLC bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter worth approximately $393,000.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

Shares of NYLI Hedge Multi-Strategy Tracker ETF stock opened at $33.72 on Monday. NYLI Hedge Multi-Strategy Tracker ETF has a 12-month low of $29.57 and a 12-month high of $34.08. The stock has a market cap of $714.86 million, a P/E ratio of 18.21 and a beta of 0.30. The business’s 50 day moving average is $33.13 and its 200-day moving average is $32.19.

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.