Fifth Third Bancorp Purchases Shares of 116,385 NYLI Hedge Multi-Strategy Tracker ETF $QAI

Fifth Third Bancorp purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 116,385 shares of the company’s stock, valued at approximately $3,971,000. Fifth Third Bancorp owned about 0.48% of NYLI Hedge Multi-Strategy Tracker ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 4th quarter worth about $37,000. EFG International AG purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at approximately $40,000. Kestra Advisory Services LLC purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at approximately $99,000. Northwestern Mutual Wealth Management Co. raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 506.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054 shares of the company’s stock worth $102,000 after purchasing an additional 2,550 shares in the last quarter. Finally, J.Safra Asset Management Corp lifted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 10.0% during the 4th quarter. J.Safra Asset Management Corp now owns 5,259 shares of the company’s stock worth $176,000 after buying an additional 478 shares during the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Trading Down 0.3%

Shares of NYLI Hedge Multi-Strategy Tracker ETF stock opened at $35.97 on Friday. The company has a fifty day simple moving average of $36.30 and a 200-day simple moving average of $35.18. NYLI Hedge Multi-Strategy Tracker ETF has a 12-month low of $32.35 and a 12-month high of $36.89. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 18.21 and a beta of 0.34.

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.