Greenwood Capital Associates LLC Reduces Stake in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

Greenwood Capital Associates LLC trimmed its position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 20.4% during the fourth quarter, Holdings Channel reports. The firm owned 6,875 shares of the company’s stock after selling 1,757 shares during the quarter. Greenwood Capital Associates LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $216,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of QAI. Wealth Enhancement Advisory Services LLC grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 2.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,596 shares of the company’s stock valued at $725,000 after buying an additional 629 shares during the last quarter. Brookstone Capital Management increased its position in 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 worth $391,000 after purchasing an additional 1,163 shares in the last quarter. CreativeOne Wealth LLC increased its position in NYLI Hedge Multi-Strategy Tracker ETF by 8.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 16,771 shares of the company’s stock worth $538,000 after purchasing an additional 1,270 shares in the last quarter. Baron Financial Group LLC raised its stake in NYLI Hedge Multi-Strategy Tracker ETF by 1.4% in the 4th quarter. Baron Financial Group LLC now owns 92,968 shares of the company’s stock valued at $2,920,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Aspiriant LLC lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 1.1% in the 3rd quarter. Aspiriant LLC now owns 194,532 shares of the company’s stock valued at $6,241,000 after purchasing an additional 2,057 shares in the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

NYSEARCA:QAI opened at $31.93 on Wednesday. The firm has a market cap of $577.93 million, a PE ratio of 14.66 and a beta of 0.31. The firm has a 50 day simple moving average of $32.06 and a 200-day simple moving average of $31.84. NYLI Hedge Multi-Strategy Tracker ETF has a 1-year low of $29.83 and a 1-year high of $32.80.

About NYLI Hedge Multi-Strategy Tracker ETF

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.