Brown Wealth Management LLC Increases Stake in NYLI Hedge Multi-Strategy Tracker ETF $QAI

Brown Wealth Management LLC lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 34.3% in the fourth quarter, HoldingsChannel reports. The firm owned 153,874 shares of the company’s stock after purchasing an additional 39,297 shares during the quarter. NYLI Hedge Multi-Strategy Tracker ETF accounts for 1.4% of Brown Wealth Management LLC’s portfolio, making the stock its 21st largest position. Brown Wealth Management LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $5,156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1,037.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,937 shares of the company’s stock valued at $232,000 after purchasing an additional 6,327 shares in the last quarter. Tredje AP fonden grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 102.4% in the fourth quarter. Tredje AP fonden now owns 6,275,000 shares of the company’s stock valued at $210,275,000 after purchasing an additional 3,175,000 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at $1,828,000. International Assets Investment Management LLC purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at $37,000. Finally, Verdence Capital Advisors LLC grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 17.0% in the fourth quarter. Verdence Capital Advisors LLC now owns 625,462 shares of the company’s stock valued at $20,959,000 after purchasing an additional 90,741 shares in the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

QAI stock opened at $35.79 on Wednesday. The firm has a fifty day moving average price of $34.98 and a 200 day moving average price of $34.42. NYLI Hedge Multi-Strategy Tracker ETF has a fifty-two week low of $31.62 and a fifty-two week high of $36.31. The firm has a market cap of $862.54 million, a PE ratio of 18.21 and a beta of 0.34.

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.