Darwin Wealth Management LLC Reduces Position in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Darwin Wealth Management LLC cut its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 10.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 197,593 shares of the company’s stock after selling 22,641 shares during the quarter. NYLI Hedge Multi-Strategy Tracker ETF makes up approximately 1.7% of Darwin Wealth Management LLC’s holdings, making the stock its 17th biggest position. Darwin Wealth Management LLC owned about 1.09% of NYLI Hedge Multi-Strategy Tracker ETF worth $6,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QAI. Raymond James & Associates grew its stake in NYLI Hedge Multi-Strategy Tracker ETF by 10.1% during the second quarter. Raymond James & Associates now owns 163,743 shares of the company’s stock valued at $5,081,000 after acquiring an additional 14,967 shares in the last quarter. Brookstone Capital Management increased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 10.6% during the 3rd quarter. Brookstone Capital Management now owns 12,176 shares of the company’s stock valued at $391,000 after purchasing an additional 1,163 shares during the last quarter. UP Strategic Wealth Investment Advisors LLC raised 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 buying an additional 837 shares during the period. Matrix Trust Co bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the third quarter worth $112,000. Finally, Greenwood Capital Associates LLC boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 3.9% during the third quarter. Greenwood Capital Associates LLC now owns 8,632 shares of the company’s stock worth $277,000 after buying an additional 325 shares during the period.

NYLI Hedge Multi-Strategy Tracker ETF Trading Up 0.1 %

Shares of QAI opened at $32.26 on Wednesday. The company’s fifty day simple moving average is $32.04 and its 200-day simple moving average is $31.43. The company has a market cap of $583.86 million, a P/E ratio of 14.66 and a beta of 0.31. NYLI Hedge Multi-Strategy Tracker ETF has a twelve month low of $29.79 and a twelve month high of $32.43.

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.