Aspiriant LLC Sells 53,680 Shares of NYLI Hedge Multi-Strategy Tracker ETF $QAI

Aspiriant LLC trimmed its position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 26.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 153,062 shares of the company’s stock after selling 53,680 shares during the quarter. Aspiriant LLC’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $4,947,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 2.3% during the second quarter. Empirical Asset Management LLC now owns 38,318 shares of the company’s stock valued at $1,238,000 after acquiring an additional 854 shares during the period. J.Safra Asset Management Corp bought a new position in NYLI Hedge Multi-Strategy Tracker ETF during the second quarter valued at about $57,000. Verdence Capital Advisors LLC increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 7.4% during the second quarter. Verdence Capital Advisors LLC now owns 379,819 shares of the company’s stock valued at $12,276,000 after acquiring an additional 26,229 shares during the period. Twelve Points Wealth Management LLC increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 0.9% during the second quarter. Twelve Points Wealth Management LLC now owns 56,790 shares of the company’s stock valued at $1,835,000 after acquiring an additional 506 shares during the period. Finally, Perigon Wealth Management LLC increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 23.8% during the second quarter. Perigon Wealth Management LLC now owns 8,086 shares of the company’s stock valued at $261,000 after acquiring an additional 1,557 shares during the period.

NYLI Hedge Multi-Strategy Tracker ETF Stock Down 0.1%

Shares of QAI opened at $33.74 on Friday. NYLI Hedge Multi-Strategy Tracker ETF has a 12-month low of $29.57 and a 12-month high of $34.08. The firm has a market capitalization of $819.88 million, a price-to-earnings ratio of 18.21 and a beta of 0.30. The stock’s 50-day moving average price is $33.35 and its 200 day moving average price is $32.33.

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.