Raymond James Trust N.A. Purchases Shares of 7,904 NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Raymond James Trust N.A. acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,904 shares of the company’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in QAI. Greenwood Capital Associates LLC increased its position in NYLI Hedge Multi-Strategy Tracker ETF by 3.9% in the third quarter. Greenwood Capital Associates LLC now owns 8,632 shares of the company’s stock worth $277,000 after buying an additional 325 shares in the last quarter. Twelve Points Wealth Management LLC increased its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 1.2% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 54,371 shares of the company’s stock worth $1,687,000 after acquiring an additional 628 shares in the last quarter. One Capital Management LLC raised its stake in NYLI Hedge Multi-Strategy Tracker ETF by 0.3% during the 2nd quarter. One Capital Management LLC now owns 277,175 shares of the company’s stock worth $8,601,000 after acquiring an additional 764 shares during the period. UP Strategic Wealth Investment Advisors LLC lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 8.5% during the second quarter. UP Strategic Wealth Investment Advisors LLC now owns 10,712 shares of the company’s stock valued at $332,000 after purchasing an additional 837 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the second quarter worth approximately $32,000.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

Shares of QAI stock opened at $32.57 on Thursday. NYLI Hedge Multi-Strategy Tracker ETF has a one year low of $29.79 and a one year high of $32.62. The company’s fifty day moving average price is $32.15 and its 200-day moving average price is $31.50. The company has a market capitalization of $589.52 million, a price-to-earnings ratio of 14.66 and a beta of 0.31.

NYLI Hedge Multi-Strategy Tracker ETF 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.