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) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $36.87 and last traded at $36.85, with a volume of 2514 shares traded. The stock had previously closed at $36.45.

NYLI Hedge Multi-Strategy Tracker ETF Stock Down 1.2%

The stock has a 50 day moving average of $36.02 and a 200 day moving average of $34.89. The firm has a market cap of $875.79 million, a price-to-earnings ratio of 18.21 and a beta of 0.34.

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

Several hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers bought a new position in NYLI Hedge Multi-Strategy Tracker ETF in the second quarter valued at approximately $227,000. Darwin Wealth Management LLC bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the second quarter worth $3,272,000. Raymond James Financial Inc. lifted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 49.7% during the second quarter. Raymond James Financial Inc. now owns 457,776 shares of the company’s stock worth $14,795,000 after purchasing an additional 152,013 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.6% in the 2nd quarter. Captrust Financial Advisors now owns 591,319 shares of the company’s stock valued at $19,111,000 after purchasing an additional 9,384 shares in the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at $1,648,000.

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.