Endowment Wealth Management Inc. Boosts Stock Holdings in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Endowment Wealth Management Inc. boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,297 shares of the company’s stock after buying an additional 6,122 shares during the period. NYLI Hedge Multi-Strategy Tracker ETF makes up 4.5% of Endowment Wealth Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Endowment Wealth Management Inc. owned approximately 1.17% of NYLI Hedge Multi-Strategy Tracker ETF worth $6,668,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Verdence Capital Advisors LLC lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 7.5% during the 4th quarter. Verdence Capital Advisors LLC now owns 314,633 shares of the company’s stock worth $9,883,000 after acquiring an additional 21,966 shares during the last quarter. Patten Group Inc. increased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 28.8% during the fourth quarter. Patten Group Inc. now owns 9,711 shares of the company’s stock valued at $305,000 after buying an additional 2,174 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 204.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,198 shares of the company’s stock worth $100,000 after purchasing an additional 2,149 shares during the period. Oppenheimer & Co. Inc. grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 12.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 21,425 shares of the company’s stock worth $673,000 after purchasing an additional 2,309 shares during the period. Finally, New York Life Investment Management LLC grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 40.2% in the fourth quarter. New York Life Investment Management LLC now owns 9,308 shares of the company’s stock worth $292,000 after purchasing an additional 2,668 shares during the period.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

Shares of NYSEARCA QAI opened at $31.16 on Tuesday. The company has a market cap of $682.40 million, a PE ratio of 18.58 and a beta of 0.32. The firm’s 50 day moving average price is $31.78 and its 200-day moving average price is $31.97. NYLI Hedge Multi-Strategy Tracker ETF has a 52-week low of $30.25 and a 52-week 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.