NYLIM Hedge Multi-Strategy Tracker ETF $QAI Shares Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC increased its holdings in NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 3.8% during the third quarter, Holdings Channel.com reports. The firm owned 807,936 shares of the company’s stock after acquiring an additional 29,857 shares during the quarter. NYLIM Hedge Multi-Strategy Tracker ETF accounts for 1.2% of Verdence Capital Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Verdence Capital Advisors LLC’s holdings in NYLIM Hedge Multi-Strategy Tracker ETF were worth $29,118,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new position in shares of NYLIM Hedge Multi-Strategy Tracker ETF during the first quarter valued at about $3,971,000. Royal Bank of Canada increased its holdings in shares of NYLIM Hedge Multi-Strategy Tracker ETF by 2.9% in the first quarter. Royal Bank of Canada now owns 1,248,513 shares of the company’s stock worth $42,599,000 after buying an additional 34,835 shares during the period. Aspiriant LLC bought a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the 3rd quarter valued at about $7,624,000. Citadel Advisors LLC bought a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at about $1,394,000. Finally, Sowell Financial Services LLC bought a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the 3rd quarter valued at about $3,082,000.

NYLIM Hedge Multi-Strategy Tracker ETF Price Performance

Shares of QAI stock opened at $35.55 on Tuesday. The stock has a market capitalization of $991.84 million, a PE ratio of 18.21 and a beta of 0.34. NYLIM Hedge Multi-Strategy Tracker ETF has a 1-year low of $33.00 and a 1-year high of $36.90. The business has a 50-day moving average of $36.24 and a 200 day moving average of $35.58.

NYLIM 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.