NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Hits New 12-Month High – Still a Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $36.87 and last traded at $36.85, with a volume of 2514 shares changing hands. The stock had previously closed at $36.45.

NYLI Hedge Multi-Strategy Tracker ETF Trading Up 0.2%

The business’s 50-day simple moving average is $35.95 and its 200 day simple moving average is $34.86. The company has a market capitalization of $886.88 million, a P/E ratio of 18.21 and a beta of 0.34.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tredje AP fonden increased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 102.4% during the 4th quarter. Tredje AP fonden now owns 6,275,000 shares of the company’s stock valued at $210,275,000 after purchasing an additional 3,175,000 shares during the period. Morgan Stanley lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 5.9% in the fourth quarter. Morgan Stanley now owns 3,419,037 shares of the company’s stock valued at $114,572,000 after buying an additional 190,320 shares during the period. Pitcairn Co. lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 7.7% in the third quarter. Pitcairn Co. now owns 1,807,177 shares of the company’s stock valued at $60,775,000 after buying an additional 129,310 shares during the period. Alaska Permanent Capital Management LLC boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 10.2% during the first quarter. Alaska Permanent Capital Management LLC now owns 1,623,616 shares of the company’s stock valued at $55,383,000 after buying an additional 150,671 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 2.9% during the first quarter. Royal Bank of Canada now owns 1,248,513 shares of the company’s stock valued at $42,599,000 after buying an additional 34,835 shares in 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.