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

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $34.12 and last traded at $34.07, with a volume of 52541 shares traded. The stock had previously closed at $33.92.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

The company has a market cap of $834.92 million, a PE ratio of 18.21 and a beta of 0.32. The stock’s 50-day simple moving average is $33.75 and its 200 day simple moving average is $33.07.

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

Institutional investors have recently added to or reduced their stakes in the business. Alaska Wealth Advisors increased its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 3.5% in the 2nd quarter. Alaska Wealth Advisors now owns 942,248 shares of the company’s stock valued at $30,453,000 after purchasing an additional 32,042 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 101.0% during the second quarter. Farther Finance Advisors LLC now owns 1,811 shares of the company’s stock worth $59,000 after buying an additional 910 shares in the last quarter. LPL Financial LLC grew its position in NYLI Hedge Multi-Strategy Tracker ETF by 0.5% during the first quarter. LPL Financial LLC now owns 67,877 shares of the company’s stock worth $2,125,000 after buying an additional 369 shares during the period. Alaska Permanent Capital Management LLC increased its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 3.6% in the second quarter. Alaska Permanent Capital Management LLC now owns 1,541,694 shares of the company’s stock valued at $49,858,000 after buying an additional 53,220 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA lifted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 14.9% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 103,139 shares of the company’s stock valued at $3,333,000 after acquiring an additional 13,395 shares during the period.

About NYLI Hedge Multi-Strategy Tracker ETF

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.