Sowell Financial Services LLC purchased a new stake in NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI – Free Report) in the third quarter, HoldingsChannel reports. The firm purchased 85,507 shares of the company’s stock, valued at approximately $3,082,000.
Other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in NYLIM Hedge Multi-Strategy Tracker ETF during the first quarter worth approximately $3,971,000. Royal Bank of Canada increased its stake in NYLIM Hedge Multi-Strategy Tracker ETF by 2.9% during the 1st quarter. Royal Bank of Canada now owns 1,248,513 shares of the company’s stock worth $42,599,000 after acquiring an additional 34,835 shares during the period. Citadel Advisors LLC bought a new position in NYLIM Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth $1,394,000. Aspiriant LLC acquired a new position in NYLIM Hedge Multi-Strategy Tracker ETF in the 3rd quarter valued at $7,624,000. Finally, Alaska Wealth Advisors LLC raised its holdings in NYLIM Hedge Multi-Strategy Tracker ETF by 3.7% in the 1st quarter. Alaska Wealth Advisors LLC now owns 1,057,898 shares of the company’s stock valued at $36,095,000 after acquiring an additional 37,306 shares in the last quarter.
NYLIM Hedge Multi-Strategy Tracker ETF Price Performance
Shares of NYSEARCA QAI opened at $35.84 on Thursday. The business has a fifty day moving average price of $36.28 and a two-hundred day moving average price of $36.11. The stock has a market capitalization of $996.35 million, a PE ratio of 18.21 and a beta of 0.34. NYLIM Hedge Multi-Strategy Tracker ETF has a fifty-two week low of $33.00 and a fifty-two week 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.
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Want to see what other hedge funds are holding QAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI – Free Report).
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