NYLI Hedge Multi-Strategy Tracker ETF $QAI Shares Sold by UBS Group AG

UBS Group AG lowered its position in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 6.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 398,561 shares of the company’s stock after selling 29,456 shares during the quarter. UBS Group AG’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $13,356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in QAI. Advisors Preferred LLC lifted its position in NYLI Hedge Multi-Strategy Tracker ETF by 117.4% in the third quarter. Advisors Preferred LLC now owns 1,263 shares of the company’s stock valued at $43,000 after purchasing an additional 682 shares during the period. CWM LLC lifted its position in NYLI Hedge Multi-Strategy Tracker ETF by 30.5% in the third quarter. CWM LLC now owns 1,884 shares of the company’s stock valued at $63,000 after purchasing an additional 440 shares during the period. J.Safra Asset Management Corp lifted its position in NYLI Hedge Multi-Strategy Tracker ETF by 114.9% in the third quarter. J.Safra Asset Management Corp now owns 4,781 shares of the company’s stock valued at $161,000 after purchasing an additional 2,556 shares during the period. Truist Financial Corp acquired a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the third quarter valued at about $202,000. Finally, Stephens Inc. AR acquired a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the third quarter valued at about $203,000.

NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.2%

Shares of NYSEARCA:QAI opened at $36.29 on Friday. The company has a market cap of $874.59 million, a P/E ratio of 18.21 and a beta of 0.34. NYLI Hedge Multi-Strategy Tracker ETF has a 52 week low of $31.62 and a 52 week high of $36.31. The company has a 50-day moving average price of $34.89 and a 200 day moving average price of $34.38.

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.