Cooper Financial Group Has $1.30 Million Position in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Cooper Financial Group cut its position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,315 shares of the company’s stock after selling 641 shares during the quarter. Cooper Financial Group owned 0.23% of NYLI Hedge Multi-Strategy Tracker ETF worth $1,298,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of QAI. Carolinas Wealth Consulting LLC bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the second quarter worth about $32,000. US Bancorp DE bought a new position in NYLI Hedge Multi-Strategy Tracker ETF in the third quarter valued at approximately $89,000. Matrix Trust Co bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 3rd quarter worth approximately $112,000. Raymond James Trust N.A. bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 3rd quarter worth approximately $254,000. Finally, Greenwood Capital Associates LLC boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 3.9% during the 3rd quarter. Greenwood Capital Associates LLC now owns 8,632 shares of the company’s stock worth $277,000 after acquiring an additional 325 shares during the period.

NYLI Hedge Multi-Strategy Tracker ETF Stock Down 0.2 %

Shares of NYSEARCA QAI traded down $0.07 during midday trading on Monday, hitting $31.33. 89,411 shares of the company’s stock were exchanged, compared to its average volume of 180,851. NYLI Hedge Multi-Strategy Tracker ETF has a 12 month low of $29.79 and a 12 month high of $32.80. The company’s 50 day moving average price is $32.22 and its 200 day moving average price is $31.78. The firm has a market capitalization of $567.07 million, a PE ratio of 14.66 and a beta of 0.31.

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.