Envestnet Asset Management Inc. Has $1.26 Million Holdings in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Envestnet Asset Management Inc. trimmed its holdings in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 12.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,356 shares of the company’s stock after selling 5,571 shares during the period. Envestnet Asset Management Inc. owned 0.18% of NYLI Hedge Multi-Strategy Tracker ETF worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 281.8% during the 1st quarter. Farther Finance Advisors LLC now owns 901 shares of the company’s stock worth $28,000 after acquiring an additional 665 shares during the period. CX Institutional acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter worth $49,000. Carolinas Wealth Consulting LLC bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter worth $84,000. Perigon Wealth Management LLC acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF in the first quarter valued at about $204,000. Finally, BNP Paribas Financial Markets bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter worth about $207,000.

NYLI Hedge Multi-Strategy Tracker ETF Stock Down 0.0%

Shares of NYLI Hedge Multi-Strategy Tracker ETF stock opened at $32.53 on Friday. NYLI Hedge Multi-Strategy Tracker ETF has a 12-month low of $29.57 and a 12-month high of $33.09. The company has a market capitalization of $710.78 million, a price-to-earnings ratio of 18.21 and a beta of 0.30. The firm’s 50-day moving average price is $32.27 and its two-hundred day moving average price is $31.75.

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.