Baron Financial Group LLC Decreases Stock Position in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Baron Financial Group LLC trimmed its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 91,693 shares of the company’s stock after selling 2,356 shares during the period. NYLI Hedge Multi-Strategy Tracker ETF makes up about 1.8% of Baron Financial Group LLC’s investment portfolio, making the stock its 20th largest holding. Baron Financial Group LLC owned 0.51% of NYLI Hedge Multi-Strategy Tracker ETF worth $2,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Carolinas Wealth Consulting LLC bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the 2nd quarter worth about $32,000. International Assets Investment Management LLC bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the second quarter worth approximately $42,000. Register Financial Advisors LLC bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the first quarter worth approximately $45,000. Matrix Trust Co bought a new position in NYLI Hedge Multi-Strategy Tracker ETF during the third quarter valued at approximately $112,000. Finally, Central Bank & Trust Co. boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 111.3% in the second quarter. Central Bank & Trust Co. now owns 6,506 shares of the company’s stock worth $202,000 after purchasing an additional 3,427 shares during the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Trading Up 0.1 %

NYSEARCA:QAI opened at $32.25 on Friday. The company has a 50 day simple moving average of $31.69 and a two-hundred day simple moving average of $31.19. The company has a market cap of $583.72 million, a PE ratio of 14.66 and a beta of 0.31. NYLI Hedge Multi-Strategy Tracker ETF has a 12 month low of $29.48 and a 12 month high of $32.30.

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.