Endowment Wealth Management Inc. Purchases 5,167 Shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Endowment Wealth Management Inc. increased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 206,175 shares of the company’s stock after acquiring an additional 5,167 shares during the period. NYLI Hedge Multi-Strategy Tracker ETF accounts for about 4.3% of Endowment Wealth Management Inc.’s holdings, making the stock its 3rd largest position. Endowment Wealth Management Inc.’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $6,614,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of QAI. Oppenheimer & Co. Inc. acquired a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the 1st quarter valued at about $218,000. Davis R M Inc. acquired a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the 1st quarter valued at about $202,000. Pitcairn Co. raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 17.9% during the 1st quarter. Pitcairn Co. now owns 1,046,094 shares of the company’s stock worth $32,314,000 after acquiring an additional 158,727 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 7.1% during the 1st quarter. CreativeOne Wealth LLC now owns 15,183 shares of the company’s stock worth $469,000 after acquiring an additional 1,013 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 336.8% during the 1st quarter. EP Wealth Advisors LLC now owns 175,416 shares of the company’s stock worth $5,419,000 after acquiring an additional 135,254 shares in the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

Shares of NYSEARCA QAI opened at $32.24 on Thursday. NYLI Hedge Multi-Strategy Tracker ETF has a fifty-two week low of $29.79 and a fifty-two week high of $32.43. The firm has a market capitalization of $583.54 million, a PE ratio of 14.66 and a beta of 0.31. The stock’s 50-day simple moving average is $31.95 and its 200-day simple moving average is $31.38.

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.