NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 1-Year High – Time to Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAIGet Free Report) shares reached a new 52-week high on Monday . The company traded as high as $34.68 and last traded at $33.57, with a volume of 641 shares traded. The stock had previously closed at $33.55.

NYLI Hedge Multi-Strategy Tracker ETF Stock Down 0.0%

The stock has a market capitalization of $825.08 million, a PE ratio of 18.21 and a beta of 0.32. The stock’s 50 day moving average price is $33.70 and its 200-day moving average price is $32.81.

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

Several large investors have recently made changes to their positions in QAI. AE Wealth Management LLC purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the first quarter worth about $300,000. Brown Wealth Management LLC bought a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 1st quarter worth approximately $2,549,000. LPL Financial LLC boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 0.5% in the 1st quarter. LPL Financial LLC now owns 67,877 shares of the company’s stock worth $2,125,000 after purchasing an additional 369 shares during the period. NorthRock Partners LLC purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter valued at approximately $393,000. Finally, Endowment Wealth Management Inc. raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 6.1% during the first quarter. Endowment Wealth Management Inc. now owns 225,276 shares of the company’s stock valued at $7,053,000 after buying an additional 12,979 shares during the last quarter.

About NYLI Hedge Multi-Strategy Tracker ETF

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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.

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