Royal Bank of Canada Purchases 34,835 Shares of NYLI Hedge Multi-Strategy Tracker ETF $QAI

Royal Bank of Canada raised its position in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 2.9% in the first quarter, HoldingsChannel.com reports. The fund owned 1,248,513 shares of the company’s stock after purchasing an additional 34,835 shares during the quarter. Royal Bank of Canada owned 0.05% of NYLI Hedge Multi-Strategy Tracker ETF worth $42,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of QAI. CreativeOne Wealth LLC raised its stake in NYLI Hedge Multi-Strategy Tracker ETF by 1.8% in the fourth quarter. CreativeOne Wealth LLC now owns 21,228 shares of the company’s stock valued at $711,000 after buying an additional 373 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 5.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,716 shares of the company’s stock worth $293,000 after acquiring an additional 430 shares during the period. J.Safra Asset Management Corp boosted its stake 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 acquiring an additional 478 shares during the period. Greenwood Capital Associates LLC increased its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 4.8% during the 4th quarter. Greenwood Capital Associates LLC now owns 12,311 shares of the company’s stock worth $413,000 after acquiring an additional 559 shares during the last quarter. Finally, Phillip James Consulting Co. acquired a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter worth approximately $27,000.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

QAI opened at $36.08 on Monday. The stock’s fifty day simple moving average is $36.29 and its 200 day simple moving average is $35.34. NYLI Hedge Multi-Strategy Tracker ETF has a 1-year low of $32.35 and a 1-year high of $36.89. The stock has a market cap of $1.01 billion, a PE ratio of 18.21 and a beta of 0.34.

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.