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

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $34.15 and last traded at $34.1310, with a volume of 5319 shares. The stock had previously closed at $34.12.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

The stock’s fifty day simple moving average is $33.78 and its 200-day simple moving average is $33.19. The stock has a market cap of $839.97 million, a P/E ratio of 18.21 and a beta of 0.32.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Pitcairn Co. grew 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 purchasing an additional 129,310 shares in the last quarter. Alaska Permanent Capital Management LLC lifted 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 worth $49,858,000 after purchasing an additional 53,220 shares during the period. Royal Bank of Canada grew its stake in NYLI Hedge Multi-Strategy Tracker ETF by 2.6% during the first quarter. Royal Bank of Canada now owns 1,183,034 shares of the company’s stock worth $37,041,000 after buying an additional 29,806 shares in the last quarter. Alaska Wealth Advisors increased its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 4.6% in the 3rd quarter. Alaska Wealth Advisors now owns 986,028 shares of the company’s stock valued at $33,160,000 after buying an additional 43,780 shares during the period. Finally, Focus Partners Wealth raised its position 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 buying an additional 97,734 shares in 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.