NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) Shares Down 0.2% – What’s Next?

NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU)’s stock price traded down 0.2% during mid-day trading on Wednesday. The company traded as low as $63.16 and last traded at $63.76. Approximately 1,724 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 12,495 shares. The stock had previously closed at $63.87.

NYLIM Candriam U.S. Large Cap Equity ETF Stock Down 0.2%

The company has a fifty day moving average of $62.67 and a two-hundred day moving average of $60.11. The stock has a market capitalization of $357.06 million, a price-to-earnings ratio of 26.80 and a beta of 1.06.

Hedge Funds Weigh In On NYLIM Candriam U.S. Large Cap Equity ETF

An institutional investor recently raised its stake in NYLIM Candriam U.S. Large Cap Equity ETF stock. Paul R. Ried Financial Group LLC lifted its holdings in NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) by 20.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,893 shares of the company’s stock after buying an additional 3,246 shares during the quarter. NYLIM Candriam U.S. Large Cap Equity ETF accounts for 0.4% of Paul R. Ried Financial Group LLC’s portfolio, making the stock its 21st biggest holding. Paul R. Ried Financial Group LLC owned 0.34% of NYLIM Candriam U.S. Large Cap Equity ETF worth $967,000 as of its most recent SEC filing.

About NYLIM Candriam U.S. Large Cap Equity ETF

The IQ Candriam ESG US Equity ETF (IQSU) is an exchange-traded fund that is based on the IQ Candriam ESG US Equity index. The fund tracks a proprietary index of large-cap US stocks selected by ESG criteria and weighted by market capitalization. IQSU was launched on Dec 17, 2019 and is managed by IndexIQ.