New York Life Investment Management LLC Reduces Stock Holdings in IQ 500 International ETF (NYSEARCA:IQIN)

New York Life Investment Management LLC cut its position in shares of IQ 500 International ETF (NYSEARCA:IQIN) by 8.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,198,964 shares of the company’s stock after selling 395,211 shares during the period. IQ 500 International ETF makes up 1.4% of New York Life Investment Management LLC’s holdings, making the stock its 11th biggest holding. New York Life Investment Management LLC owned 0.72% of IQ 500 International ETF worth $136,860,000 at the end of the most recent quarter.

Separately, Concourse Financial Group Securities Inc. increased its holdings in shares of IQ 500 International ETF by 8.7% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 10,813 shares of the company’s stock worth $371,000 after buying an additional 868 shares during the last quarter.

IQ 500 International ETF Stock Performance

IQIN stock opened at $33.61 on Friday. The firm has a market cap of $194.95 million, a PE ratio of 10.97 and a beta of 0.77. IQ 500 International ETF has a one year low of $29.07 and a one year high of $35.09. The firm’s 50 day moving average price is $33.50 and its 200-day moving average price is $33.74.

IQ 500 International ETF Profile

The IQ 500 International ETF (IQIN) is an exchange-traded fund that is based on the IQ 500 International index. The fund tracks an index of developed market ex-US stocks. The index uses fundamental factors for selection and weighting. IQIN was launched on Dec 13, 2018 and is managed by IndexIQ.