Patten Group Inc. Purchases 2,576 Shares of NYLI Hedge Multi-Strategy Tracker ETF $QAI

Patten Group Inc. lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) by 25.2% in the second quarter, HoldingsChannel.com reports. The fund owned 12,808 shares of the company’s stock after acquiring an additional 2,576 shares during the period. Patten Group Inc.’s holdings in NYLI Hedge Multi-Strategy Tracker ETF were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of QAI. Farther Finance Advisors LLC increased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 281.8% during the first quarter. Farther Finance Advisors LLC now owns 901 shares of the company’s stock valued at $28,000 after acquiring an additional 665 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the second quarter valued at approximately $57,000. Perigon Wealth Management LLC purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the first quarter valued at approximately $204,000. AE Wealth Management LLC purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the first quarter valued at approximately $300,000. Finally, NorthRock Partners LLC purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the first quarter valued at approximately $393,000.

NYLI Hedge Multi-Strategy Tracker ETF Trading Down 0.2%

Shares of QAI opened at $33.76 on Thursday. The company has a market capitalization of $827.12 million, a price-to-earnings ratio of 18.21 and a beta of 0.30. The stock has a 50 day moving average of $33.41 and a 200 day moving average of $32.39. NYLI Hedge Multi-Strategy Tracker ETF has a 12 month low of $29.57 and a 12 month high of $34.08.

About NYLI Hedge Multi-Strategy Tracker ETF

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.