LPL Financial LLC Has $2.12 Million Holdings in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

LPL Financial LLC increased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,508 shares of the company’s stock after purchasing an additional 10,333 shares during the quarter. LPL Financial LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $2,120,000 at the end of the most recent reporting period.

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

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

Shares of NYSEARCA:QAI opened at $30.52 on Tuesday. NYLI Hedge Multi-Strategy Tracker ETF has a one year low of $29.57 and a one year high of $32.80. The company has a market cap of $669.91 million, a price-to-earnings ratio of 18.73 and a beta of 0.32. The firm has a 50 day simple moving average of $31.42 and a 200 day simple moving average of $31.87.

About NYLI Hedge Multi-Strategy Tracker ETF

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.