NYLI Hedge Multi-Strategy Tracker ETF $QAI Shares Bought by Brown Wealth Management LLC

Brown Wealth Management LLC lifted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 33.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,511 shares of the company’s stock after purchasing an additional 27,084 shares during the period. NYLI Hedge Multi-Strategy Tracker ETF comprises about 1.1% of Brown Wealth Management LLC’s holdings, making the stock its 24th largest position. Brown Wealth Management LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $3,507,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth approximately $57,000. Farther Finance Advisors LLC boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 101.0% in the second quarter. Farther Finance Advisors LLC now owns 1,811 shares of the company’s stock valued at $59,000 after acquiring an additional 910 shares during the period. Cetera Investment Advisers purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the second quarter worth approximately $227,000. Perigon Wealth Management LLC grew its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 23.8% during the second quarter. Perigon Wealth Management LLC now owns 8,086 shares of the company’s stock worth $261,000 after acquiring an additional 1,557 shares during the last quarter. Finally, Moors & Cabot Inc. increased its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 9.1% in the 2nd quarter. Moors & Cabot Inc. now owns 8,672 shares of the company’s stock valued at $280,000 after acquiring an additional 722 shares during the period.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

QAI stock opened at $33.37 on Wednesday. The company has a market cap of $820.90 million, a price-to-earnings ratio of 18.21 and a beta of 0.32. The company has a fifty day moving average price of $33.70 and a 200 day moving average price of $32.84. NYLI Hedge Multi-Strategy Tracker ETF has a 12 month low of $29.57 and a 12 month high of $34.08.

NYLI 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.