Verdence Capital Advisors LLC Boosts Position in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Verdence Capital Advisors LLC increased its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 2.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 292,667 shares of the company’s stock after buying an additional 7,896 shares during the period. NYLI Hedge Multi-Strategy Tracker ETF accounts for approximately 0.7% of Verdence Capital Advisors LLC’s portfolio, making the stock its 26th biggest holding. Verdence Capital Advisors LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $9,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of QAI. Greenwood Capital Associates LLC increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 3.9% in the third quarter. Greenwood Capital Associates LLC now owns 8,632 shares of the company’s stock worth $277,000 after purchasing an additional 325 shares in the last quarter. Twelve Points Wealth Management LLC lifted its position in NYLI Hedge Multi-Strategy Tracker ETF by 1.2% in the second quarter. Twelve Points Wealth Management LLC now owns 54,371 shares of the company’s stock worth $1,687,000 after buying an additional 628 shares during the last quarter. One Capital Management LLC grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 0.3% during the 2nd quarter. One Capital Management LLC now owns 277,175 shares of the company’s stock valued at $8,601,000 after purchasing an additional 764 shares during the last quarter. UP Strategic Wealth Investment Advisors LLC boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 8.5% during the 2nd quarter. UP Strategic Wealth Investment Advisors LLC now owns 10,712 shares of the company’s stock valued at $332,000 after acquiring an additional 837 shares during the period. Finally, CreativeOne Wealth LLC grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 7.1% in the first quarter. CreativeOne Wealth LLC now owns 15,183 shares of the company’s stock worth $469,000 after purchasing an additional 1,013 shares during the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

NYLI Hedge Multi-Strategy Tracker ETF stock opened at $32.35 on Friday. NYLI Hedge Multi-Strategy Tracker ETF has a fifty-two week low of $29.79 and a fifty-two week high of $32.41. The company has a 50 day moving average price of $31.91 and a 200-day moving average price of $31.34. The company has a market capitalization of $585.54 million, a PE ratio of 14.66 and a beta of 0.31.

About NYLI Hedge Multi-Strategy Tracker ETF

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.