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

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) hit a new 52-week high on Wednesday . The stock traded as high as $34.57 and last traded at $34.56, with a volume of 34126 shares changing hands. The stock had previously closed at $34.39.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

The company has a market capitalization of $789.34 million, a price-to-earnings ratio of 18.21 and a beta of 0.32. The firm has a fifty day moving average price of $34.00 and a 200-day moving average price of $33.54.

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

Hedge funds have recently bought and sold shares of the company. Pitcairn Co. lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 7.7% during the 3rd quarter. Pitcairn Co. now owns 1,807,177 shares of the company’s stock worth $60,775,000 after acquiring an additional 129,310 shares during the period. Alaska Permanent Capital Management LLC raised its position in NYLI Hedge Multi-Strategy Tracker ETF by 3.6% during 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 purchasing an additional 53,220 shares in the last quarter. Alaska Wealth Advisors lifted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 4.6% during the third quarter. Alaska Wealth Advisors now owns 986,028 shares of the company’s stock worth $33,160,000 after purchasing an additional 43,780 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 14.8% in the 3rd quarter. Focus Partners Wealth now owns 757,604 shares of the company’s stock valued at $25,543,000 after purchasing an additional 97,734 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 17.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 625,462 shares of the company’s stock valued at $20,959,000 after purchasing an additional 90,741 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.