NYLIM Hedge Multi-Strategy Tracker ETF $QAI Shares Newly Bought by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 42,754 shares of the company’s stock, valued at approximately $1,541,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aspiriant LLC purchased a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the third quarter worth about $7,624,000. Fifth Third Bancorp bought a new position in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the first quarter valued at approximately $3,971,000. Diversify Advisory Services LLC boosted its position in shares of NYLIM Hedge Multi-Strategy Tracker ETF by 145.6% in the third quarter. Diversify Advisory Services LLC now owns 146,907 shares of the company’s stock valued at $5,284,000 after acquiring an additional 87,081 shares during the period. Citadel Advisors LLC bought a new position in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the second quarter valued at approximately $1,394,000. Finally, Royal Bank of Canada boosted its position in shares of NYLIM Hedge Multi-Strategy Tracker ETF by 2.9% in the first quarter. Royal Bank of Canada now owns 1,248,513 shares of the company’s stock valued at $42,599,000 after acquiring an additional 34,835 shares during the period.

NYLIM Hedge Multi-Strategy Tracker ETF Trading Down 1.0%

Shares of NYSEARCA:QAI opened at $35.48 on Friday. The company has a 50 day moving average of $36.15 and a 200 day moving average of $35.62. The stock has a market cap of $986.34 million, a P/E ratio of 18.21 and a beta of 0.34. NYLIM Hedge Multi-Strategy Tracker ETF has a 12 month low of $33.00 and a 12 month high of $36.90.

NYLIM 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.