Tredje AP fonden Increases Stock Position in NYLI Hedge Multi-Strategy Tracker ETF $QAI

Tredje AP fonden increased its position in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 102.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,275,000 shares of the company’s stock after purchasing an additional 3,175,000 shares during the period. NYLI Hedge Multi-Strategy Tracker ETF makes up about 1.6% of Tredje AP fonden’s investment portfolio, making the stock its 13th largest position. Tredje AP fonden owned 0.28% of NYLI Hedge Multi-Strategy Tracker ETF worth $210,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in QAI. UBS Group AG raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 71.5% in the 3rd quarter. UBS Group AG now owns 428,017 shares of the company’s stock worth $14,394,000 after acquiring an additional 178,394 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 40.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 534,721 shares of the company’s stock worth $18,196,000 after acquiring an additional 154,902 shares during the last quarter. Raymond James Financial Inc. raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 49.7% in the 2nd quarter. Raymond James Financial Inc. now owns 457,776 shares of the company’s stock worth $14,795,000 after acquiring an additional 152,013 shares during the last quarter. Pitcairn Co. raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 7.7% in the 3rd quarter. Pitcairn Co. now owns 1,807,177 shares of the company’s stock worth $60,775,000 after acquiring an additional 129,310 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 2nd quarter worth approximately $3,272,000.

NYLI Hedge Multi-Strategy Tracker ETF Stock Down 0.2%

Shares of NYSEARCA QAI opened at $35.85 on Tuesday. NYLI Hedge Multi-Strategy Tracker ETF has a twelve month low of $31.62 and a twelve month high of $36.31. The firm has a market cap of $863.99 million, a P/E ratio of 18.21 and a beta of 0.34. The company has a 50 day moving average of $34.95 and a 200 day moving average of $34.41.

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.