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

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $34.98 and last traded at $34.93, with a volume of 1548 shares changing hands. The stock had previously closed at $34.86.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The business has a 50 day simple moving average of $34.34 and a 200 day simple moving average of $33.82. The stock has a market cap of $794.03 million, a PE ratio of 18.21 and a beta of 0.32.

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

Several institutional investors have recently bought and sold shares of QAI. International Assets Investment Management LLC bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 4th quarter worth about $37,000. Johnson Financial Group Inc. acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF during the second quarter valued at approximately $39,000. EFG International AG bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at approximately $40,000. Advisors Preferred LLC boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 117.4% during the 3rd quarter. Advisors Preferred LLC now owns 1,263 shares of the company’s stock worth $43,000 after buying an additional 682 shares during the period. Finally, CWM LLC grew its stake in NYLI Hedge Multi-Strategy Tracker ETF by 30.5% in the 3rd quarter. CWM LLC now owns 1,884 shares of the company’s stock valued at $63,000 after buying an additional 440 shares during 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.