Raymond James Trust N.A. Purchases New Position in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Raymond James Trust N.A. acquired a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) during the 3rd quarter, Holdings Channel reports. The fund acquired 7,904 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QAI. Carolinas Wealth Consulting LLC bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter valued at approximately $32,000. International Assets Investment Management LLC bought a new position in NYLI Hedge Multi-Strategy Tracker ETF during the second quarter valued at $42,000. US Bancorp DE purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the third quarter valued at $89,000. Matrix Trust Co bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 3rd quarter worth about $112,000. Finally, Central Bank & Trust Co. boosted its stake 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 during the period.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

NYLI Hedge Multi-Strategy Tracker ETF stock opened at $32.57 on Thursday. The firm has a market capitalization of $589.52 million, a P/E ratio of 14.66 and a beta of 0.31. NYLI Hedge Multi-Strategy Tracker ETF has a 1-year low of $29.79 and a 1-year high of $32.62. The company’s 50-day moving average is $32.15 and its 200 day moving average is $31.50.

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.