LFA Lugano Financial Advisors SA Decreases Stock Position in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

LFA Lugano Financial Advisors SA reduced its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,701 shares of the company’s stock after selling 6,944 shares during the quarter. NYLI Hedge Multi-Strategy Tracker ETF makes up 2.1% of LFA Lugano Financial Advisors SA’s investment portfolio, making the stock its 17th largest position. LFA Lugano Financial Advisors SA’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $3,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of QAI. Pitcairn Co. increased its position in NYLI Hedge Multi-Strategy Tracker ETF by 46.9% during the third quarter. Pitcairn Co. now owns 1,602,027 shares of the company’s stock worth $51,393,000 after buying an additional 511,219 shares in the last quarter. Alaska Permanent Capital Management boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 3.8% during the fourth quarter. Alaska Permanent Capital Management now owns 678,343 shares of the company’s stock valued at $21,326,000 after acquiring an additional 24,820 shares during the last quarter. Captrust Financial Advisors increased its position in NYLI Hedge Multi-Strategy Tracker ETF by 2.6% during the 3rd quarter. Captrust Financial Advisors now owns 576,385 shares of the company’s stock worth $18,490,000 after purchasing an additional 14,356 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in NYLI Hedge Multi-Strategy Tracker ETF by 7.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 314,633 shares of the company’s stock valued at $9,883,000 after purchasing an additional 21,966 shares during the last quarter. Finally, Endowment Wealth Management Inc. lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 3.0% in the 4th quarter. Endowment Wealth Management Inc. now owns 212,297 shares of the company’s stock valued at $6,668,000 after purchasing an additional 6,122 shares in the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

NYLI Hedge Multi-Strategy Tracker ETF stock opened at $31.26 on Thursday. The firm’s 50-day moving average is $31.77 and its two-hundred day moving average is $31.97. The stock has a market capitalization of $684.59 million, a P/E ratio of 18.58 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.

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.