42,754 Shares of NYLIM Hedge Multi-Strategy Tracker ETF $QAI Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new position in shares of NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 42,754 shares of the company’s stock, valued at approximately $1,541,000. Sowell Financial Services LLC owned 0.15% of NYLIM Hedge Multi-Strategy Tracker ETF as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of NYLIM Hedge Multi-Strategy Tracker ETF by 2.9% in the first quarter. Royal Bank of Canada now owns 1,248,513 shares of the company’s stock valued at $42,599,000 after purchasing an additional 34,835 shares during the period. Aspiriant LLC bought a new position in NYLIM Hedge Multi-Strategy Tracker ETF in the 3rd quarter worth approximately $7,624,000. Diversify Advisory Services LLC boosted its holdings in NYLIM Hedge Multi-Strategy Tracker ETF by 145.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 146,907 shares of the company’s stock worth $5,284,000 after buying an additional 87,081 shares during the period. Fifth Third Bancorp bought a new position in NYLIM Hedge Multi-Strategy Tracker ETF in the 1st quarter worth approximately $3,971,000. Finally, Envestnet Asset Management Inc. grew its stake in NYLIM Hedge Multi-Strategy Tracker ETF by 5.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 113,807 shares of the company’s stock valued at $4,165,000 after buying an additional 6,380 shares in the last quarter.

NYLIM Hedge Multi-Strategy Tracker ETF Trading Down 1.0%

NYLIM Hedge Multi-Strategy Tracker ETF stock opened at $35.48 on Friday. The firm has a 50 day simple moving average of $36.15 and a 200 day simple moving average of $35.62. NYLIM Hedge Multi-Strategy Tracker ETF has a 1-year low of $33.00 and a 1-year high of $36.90. The firm has a market capitalization of $986.34 million, a price-to-earnings ratio of 18.21 and a beta of 0.34.

NYLIM 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.