Endowment Wealth Management Inc. Has $7.03 Million Holdings in NYLI Hedge Multi-Strategy Tracker ETF $QAI

Endowment Wealth Management Inc. lowered its position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,588 shares of the company’s stock after selling 7,688 shares during the period. NYLI Hedge Multi-Strategy Tracker ETF comprises about 3.6% of Endowment Wealth Management Inc.’s holdings, making the stock its 5th largest holding. Endowment Wealth Management Inc.’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $7,032,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. LPL Financial LLC grew its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 0.5% during the first quarter. LPL Financial LLC now owns 67,877 shares of the company’s stock valued at $2,125,000 after buying an additional 369 shares during the last quarter. Baron Financial Group LLC lifted its position in NYLI Hedge Multi-Strategy Tracker ETF by 0.4% during the second quarter. Baron Financial Group LLC now owns 93,788 shares of the company’s stock valued at $3,031,000 after buying an additional 390 shares during the period. Twelve Points Wealth Management LLC lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 0.9% during the second quarter. Twelve Points Wealth Management LLC now owns 56,790 shares of the company’s stock valued at $1,835,000 after purchasing an additional 506 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 281.8% in 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 last quarter. Finally, Perigon Wealth Management LLC raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 23.8% in the 2nd quarter. Perigon Wealth Management LLC now owns 8,086 shares of the company’s stock worth $261,000 after acquiring an additional 1,557 shares during the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Stock Down 1.2%

Shares of NYSEARCA QAI opened at $33.35 on Monday. NYLI Hedge Multi-Strategy Tracker ETF has a twelve month low of $29.57 and a twelve month high of $34.08. The firm has a market cap of $773.72 million, a P/E ratio of 18.21 and a beta of 0.30. The company has a 50 day moving average of $33.24 and a 200 day moving average of $32.26.

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.