Royal Bank of Canada Purchases 34,835 Shares of NYLI Hedge Multi-Strategy Tracker ETF $QAI

Royal Bank of Canada lifted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,248,513 shares of the company’s stock after buying an additional 34,835 shares during the period. Royal Bank of Canada owned about 5.18% of NYLI Hedge Multi-Strategy Tracker ETF worth $42,599,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of QAI. Cetera Investment Advisers bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth approximately $227,000. Darwin Wealth Management LLC bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth about $3,272,000. Raymond James Financial Inc. boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 49.7% during the 2nd quarter. Raymond James Financial Inc. now owns 457,776 shares of the company’s stock worth $14,795,000 after buying an additional 152,013 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.6% during the 2nd quarter. Captrust Financial Advisors now owns 591,319 shares of the company’s stock worth $19,111,000 after buying an additional 9,384 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth about $1,648,000.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

Shares of NYSEARCA QAI opened at $36.08 on Monday. The business has a 50-day moving average of $36.29 and a 200-day moving average of $35.34. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 18.21 and a beta of 0.34. NYLI Hedge Multi-Strategy Tracker ETF has a fifty-two week low of $32.35 and a fifty-two week high of $36.89.

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.