Verdence Capital Advisors LLC Acquires 154,902 Shares of NYLI Hedge Multi-Strategy Tracker ETF $QAI

Verdence Capital Advisors LLC lifted its stake in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 40.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 534,721 shares of the company’s stock after acquiring an additional 154,902 shares during the period. NYLI Hedge Multi-Strategy Tracker ETF makes up about 1.1% of Verdence Capital Advisors LLC’s holdings, making the stock its 16th largest holding. Verdence Capital Advisors LLC owned 2.17% of NYLI Hedge Multi-Strategy Tracker ETF worth $18,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J.Safra Asset Management Corp boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 114.9% in the 3rd quarter. J.Safra Asset Management Corp now owns 4,781 shares of the company’s stock worth $161,000 after purchasing an additional 2,556 shares during the period. Stephens Inc. AR purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the third quarter worth about $203,000. Aspiriant LLC lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 7.0% in the third quarter. Aspiriant LLC now owns 163,708 shares of the company’s stock worth $5,506,000 after buying an additional 10,646 shares in the last quarter. Greenwood Capital Associates LLC boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 40.8% in the third quarter. Greenwood Capital Associates LLC now owns 11,752 shares of the company’s stock valued at $395,000 after acquiring an additional 3,407 shares during the period. Finally, Darwin Wealth Management LLC grew its stake in NYLI Hedge Multi-Strategy Tracker ETF by 3.8% during the third quarter. Darwin Wealth Management LLC now owns 105,088 shares of the company’s stock valued at $3,534,000 after acquiring an additional 3,839 shares in the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

NYLI Hedge Multi-Strategy Tracker ETF stock opened at $34.32 on Monday. NYLI Hedge Multi-Strategy Tracker ETF has a 1-year low of $29.57 and a 1-year high of $34.39. The firm has a market capitalization of $785.93 million, a PE ratio of 18.21 and a beta of 0.32. The firm’s 50 day simple moving average is $33.85 and its 200 day simple moving average is $33.43.

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.