HBK Sorce Advisory LLC Cuts Holdings in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

HBK Sorce Advisory LLC decreased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 84,966 shares of the company’s stock after selling 2,084 shares during the quarter. HBK Sorce Advisory LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $2,669,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QAI. Wealth Enhancement Advisory Services LLC grew its position in NYLI Hedge Multi-Strategy Tracker ETF by 2.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,596 shares of the company’s stock worth $725,000 after acquiring an additional 629 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 15.6% during the fourth quarter. Moors & Cabot Inc. now owns 8,794 shares of the company’s stock valued at $276,000 after buying an additional 1,184 shares during the period. CreativeOne Wealth LLC boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 8.2% during the third quarter. CreativeOne Wealth LLC now owns 16,771 shares of the company’s stock valued at $538,000 after buying an additional 1,270 shares during the period. Baron Financial Group LLC boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.4% during the fourth quarter. Baron Financial Group LLC now owns 92,968 shares of the company’s stock valued at $2,920,000 after buying an additional 1,275 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 204.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,198 shares of the company’s stock valued at $100,000 after buying an additional 2,149 shares during the period.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

NYLI Hedge Multi-Strategy Tracker ETF stock opened at $31.26 on Thursday. The company has a 50 day moving average price of $31.77 and a 200-day moving average price of $31.97. NYLI Hedge Multi-Strategy Tracker ETF has a fifty-two week low of $30.25 and a fifty-two week high of $32.80. The company has a market capitalization of $684.59 million, a PE ratio of 18.58 and a beta of 0.32.

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.