BTS Asset Management Inc. Sells 4,818 Shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)

BTS Asset Management Inc. trimmed its position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 23.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,775 shares of the company’s stock after selling 4,818 shares during the quarter. NYLI Hedge Multi-Strategy Tracker ETF makes up approximately 0.5% of BTS Asset Management Inc.’s holdings, making the stock its 13th largest position. BTS Asset Management Inc. owned 0.09% of NYLI Hedge Multi-Strategy Tracker ETF worth $495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 86.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 15,458 shares of the company’s stock valued at $480,000 after buying an additional 7,179 shares during the period. Carolinas Wealth Consulting LLC bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter valued at $32,000. Hancock Whitney Corp grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 11.4% during the second quarter. Hancock Whitney Corp now owns 11,148 shares of the company’s stock valued at $346,000 after purchasing an additional 1,142 shares during the period. EP Wealth Advisors LLC lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 332.3% during the second quarter. EP Wealth Advisors LLC now owns 758,377 shares of the company’s stock valued at $23,532,000 after purchasing an additional 582,961 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 10.6% in the third quarter. Brookstone Capital Management now owns 12,176 shares of the company’s stock valued at $391,000 after acquiring an additional 1,163 shares in the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

QAI stock opened at $31.80 on Friday. NYLI Hedge Multi-Strategy Tracker ETF has a 1-year low of $29.81 and a 1-year high of $32.80. The business has a 50 day simple moving average of $32.16 and a two-hundred day simple moving average of $31.79. The company has a market capitalization of $575.58 million, a price-to-earnings ratio of 14.66 and a beta of 0.31.

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.