Darwin Wealth Management LLC Lowers Stake in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Darwin Wealth Management LLC lessened its stake in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 197,593 shares of the company’s stock after selling 22,641 shares during the period. NYLI Hedge Multi-Strategy Tracker ETF accounts for about 1.7% of Darwin Wealth Management LLC’s portfolio, making the stock its 17th largest position. Darwin Wealth Management LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $6,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QAI. EP Wealth Advisors LLC raised its position in NYLI Hedge Multi-Strategy Tracker ETF by 332.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 758,377 shares of the company’s stock valued at $23,532,000 after purchasing an additional 582,961 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 3,108.2% during the third quarter. International Assets Investment Management LLC now owns 43,663 shares of the company’s stock valued at $1,361,000 after buying an additional 42,302 shares during the period. Consultiva Wealth Management CORP. bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the first quarter valued at about $938,000. BTS Asset Management Inc. purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the third quarter worth about $661,000. Finally, Cooper Financial Group grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 20.5% during the 2nd quarter. Cooper Financial Group now owns 102,771 shares of the company’s stock worth $3,189,000 after acquiring an additional 17,500 shares in the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

NYSEARCA QAI opened at $32.26 on Wednesday. NYLI Hedge Multi-Strategy Tracker ETF has a one year low of $29.79 and a one year high of $32.43. The company has a market capitalization of $583.86 million, a price-to-earnings ratio of 14.66 and a beta of 0.31. The company’s 50-day simple moving average is $32.04 and its two-hundred day simple moving average is $31.43.

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.