NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sets New 52-Week High – Should You Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $35.51 and last traded at $35.33, with a volume of 109158 shares. The stock had previously closed at $35.43.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The business has a 50 day moving average price of $34.56 and a 200 day moving average price of $34.16. The firm has a market capitalization of $791.39 million, a P/E ratio of 18.21 and a beta of 0.32.

Hedge Funds Weigh In On NYLI Hedge Multi-Strategy Tracker ETF

A number of institutional investors have recently made changes to their positions in QAI. Tredje AP fonden increased its stake in shares of 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 worth $210,275,000 after purchasing an additional 3,175,000 shares during the period. UMB Bank n.a. increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 1,022.9% during the fourth quarter. UMB Bank n.a. now owns 463,074 shares of the company’s stock valued at $15,518,000 after acquiring an additional 421,836 shares during the period. Morgan Stanley increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 5.9% during the fourth quarter. Morgan Stanley now owns 3,419,037 shares of the company’s stock valued at $114,572,000 after acquiring an additional 190,320 shares during the period. UBS Group AG increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 71.5% during the third quarter. UBS Group AG now owns 428,017 shares of the company’s stock valued at $14,394,000 after acquiring an additional 178,394 shares during the period. Finally, Verdence Capital Advisors LLC increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 40.8% during the third quarter. Verdence Capital Advisors LLC now owns 534,721 shares of the company’s stock valued at $18,196,000 after acquiring an additional 154,902 shares during the period.

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.