NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sets New 12-Month High – Here’s Why

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $34.68 and last traded at $33.57, with a volume of 641 shares trading hands. The stock had previously closed at $33.55.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The stock has a market cap of $820.90 million, a price-to-earnings ratio of 18.21 and a beta of 0.32. The business’s 50-day simple moving average is $33.70 and its two-hundred day simple moving average is $32.84.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of QAI. CW Advisors LLC bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth approximately $6,909,000. UBS Group AG lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 71.5% during the third quarter. UBS Group AG now owns 428,017 shares of the company’s stock worth $14,394,000 after purchasing an additional 178,394 shares during the period. Verdence Capital Advisors LLC grew its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 40.8% in the third quarter. Verdence Capital Advisors LLC now owns 534,721 shares of the company’s stock worth $18,196,000 after purchasing an additional 154,902 shares during the last quarter. Raymond James Financial Inc. increased its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 49.7% in the second quarter. Raymond James Financial Inc. now owns 457,776 shares of the company’s stock valued at $14,795,000 after purchasing an additional 152,013 shares during the period. Finally, Pitcairn Co. raised its position in 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 purchasing an additional 129,310 shares during the last quarter.

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.