Fifth Third Bancorp Takes $3.97 Million Position in NYLI Hedge Multi-Strategy Tracker ETF $QAI

Fifth Third Bancorp purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 116,385 shares of the company’s stock, valued at approximately $3,971,000.

Several other institutional investors also recently added to or reduced their stakes in QAI. Tredje AP fonden lifted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 102.4% in the fourth quarter. Tredje AP fonden now owns 6,275,000 shares of the company’s stock valued at $210,275,000 after buying an additional 3,175,000 shares during the last quarter. Morgan Stanley raised its position in NYLI Hedge Multi-Strategy Tracker ETF by 5.9% in the 4th quarter. Morgan Stanley now owns 3,419,037 shares of the company’s stock valued at $114,572,000 after purchasing an additional 190,320 shares during the last quarter. Alaska Permanent Capital Management LLC raised its position in NYLI Hedge Multi-Strategy Tracker ETF by 10.2% in the 1st quarter. Alaska Permanent Capital Management LLC now owns 1,623,616 shares of the company’s stock valued at $55,383,000 after purchasing an additional 150,671 shares during the last quarter. Alaska Wealth Advisors LLC boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 3.7% during the 1st quarter. Alaska Wealth Advisors LLC now owns 1,057,898 shares of the company’s stock worth $36,095,000 after purchasing an additional 37,306 shares during the period. Finally, Focus Partners Wealth boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 14.8% during the 3rd quarter. Focus Partners Wealth now owns 757,604 shares of the company’s stock worth $25,543,000 after purchasing an additional 97,734 shares during the period.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

Shares of NYLI Hedge Multi-Strategy Tracker ETF stock opened at $35.97 on Friday. The company has a market capitalization of $1.00 billion, a P/E ratio of 18.21 and a beta of 0.34. NYLI Hedge Multi-Strategy Tracker ETF has a 1 year low of $32.35 and a 1 year high of $36.89. The company’s fifty day moving average is $36.30 and its two-hundred day moving average is $35.18.

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.