NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 52-Week High – What’s Next?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $35.79 and last traded at $35.66, with a volume of 22973 shares. The stock had previously closed at $35.68.

NYLI Hedge Multi-Strategy Tracker ETF Trading Down 0.1%

The company has a market capitalization of $859.41 million, a price-to-earnings ratio of 18.21 and a beta of 0.34. The company’s 50 day simple moving average is $34.68 and its 200-day simple moving average is $34.25.

Institutional Investors Weigh In On NYLI Hedge Multi-Strategy Tracker ETF

Several hedge funds have recently modified their holdings of the company. CreativeOne Wealth LLC boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 20,855 shares of the company’s stock worth $701,000 after purchasing an additional 297 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 5.2% in the third quarter. BNP Paribas Financial Markets now owns 8,716 shares of the company’s stock worth $293,000 after acquiring an additional 430 shares during the last quarter. CWM LLC boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 30.5% in the third quarter. CWM LLC now owns 1,884 shares of the company’s stock worth $63,000 after acquiring an additional 440 shares during the last quarter. J.Safra Asset Management Corp boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 10.0% in the fourth quarter. J.Safra Asset Management Corp now owns 5,259 shares of the company’s stock worth $176,000 after acquiring an additional 478 shares during the last quarter. Finally, Greenwood Capital Associates LLC boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 4.8% in the fourth quarter. Greenwood Capital Associates LLC now owns 12,311 shares of the company’s stock worth $413,000 after acquiring an additional 559 shares during the last quarter.

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.