International Assets Investment Management LLC Has $1.36 Million Stake in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

International Assets Investment Management LLC grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 3,108.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 43,663 shares of the company’s stock after acquiring an additional 42,302 shares during the period. International Assets Investment Management LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $1,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in QAI. Carolinas Wealth Consulting LLC acquired a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth approximately $32,000. Matrix Trust Co bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 3rd quarter valued at $112,000. Central Bank & Trust Co. grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 111.3% during the 2nd quarter. Central Bank & Trust Co. now owns 6,506 shares of the company’s stock worth $202,000 after purchasing an additional 3,427 shares in the last quarter. Davis R M Inc. bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the first quarter worth $202,000. Finally, Oppenheimer & Co. Inc. acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF in the first quarter valued at about $218,000.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

Shares of QAI opened at $31.95 on Tuesday. NYLI Hedge Multi-Strategy Tracker ETF has a 52-week low of $29.79 and a 52-week high of $32.30. The firm has a market cap of $578.23 million, a price-to-earnings ratio of 14.66 and a beta of 0.31. The business’s fifty day moving average is $31.86 and its 200-day moving average is $31.30.

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.