HighTower Advisors LLC Decreases Holdings in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

HighTower Advisors LLC cut its stake in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,887 shares of the company’s stock after selling 700 shares during the quarter. HighTower Advisors LLC owned about 0.07% of NYLI Hedge Multi-Strategy Tracker ETF worth $373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 204.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,198 shares of the company’s stock worth $100,000 after acquiring an additional 2,149 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 15.6% in the 4th quarter. Moors & Cabot Inc. now owns 8,794 shares of the company’s stock valued at $276,000 after purchasing an additional 1,184 shares in the last quarter. New York Life Investment Management LLC boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 40.2% during the 4th quarter. New York Life Investment Management LLC now owns 9,308 shares of the company’s stock valued at $292,000 after buying an additional 2,668 shares during the last quarter. Patten Group Inc. boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 28.8% during the 4th quarter. Patten Group Inc. now owns 9,711 shares of the company’s stock valued at $305,000 after buying an additional 2,174 shares during the last quarter. Finally, Insight Inv LLC acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter worth approximately $483,000.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

NYSEARCA QAI opened at $31.31 on Tuesday. The company has a market capitalization of $687.25 million, a price-to-earnings ratio of 18.73 and a beta of 0.32. NYLI Hedge Multi-Strategy Tracker ETF has a 12 month low of $30.25 and a 12 month high of $32.80. The company’s fifty day moving average price is $31.76 and its two-hundred day moving average price is $31.98.

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.