NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Sets New 1-Year High – Should You Buy?

NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $28.16 and last traded at $28.14, with a volume of 32720 shares. The stock had previously closed at $27.89.

NYLI FTSE International Equity Currency Neutral ETF Trading Up 0.2 %

The company’s 50 day moving average is $26.83 and its 200-day moving average is $26.94. The firm has a market capitalization of $614.77 million, a price-to-earnings ratio of 13.81 and a beta of 0.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC raised its stake in shares of NYLI FTSE International Equity Currency Neutral ETF by 349.8% in the third quarter. FMR LLC now owns 3,999 shares of the company’s stock valued at $111,000 after buying an additional 3,110 shares during the period. Independent Wealth Network Inc. bought a new position in shares of NYLI FTSE International Equity Currency Neutral ETF during the fourth quarter valued at about $220,000. Covenant Asset Management LLC lifted its stake in NYLI FTSE International Equity Currency Neutral ETF by 5.2% in the third quarter. Covenant Asset Management LLC now owns 8,967 shares of the company’s stock worth $248,000 after acquiring an additional 447 shares during the period. GTS Securities LLC purchased a new stake in NYLI FTSE International Equity Currency Neutral ETF in the fourth quarter worth about $240,000. Finally, Advisor Resource Council purchased a new stake in shares of NYLI FTSE International Equity Currency Neutral ETF in the 4th quarter worth about $367,000.

NYLI FTSE International Equity Currency Neutral ETF Company Profile

The IQ 50 Percent Hedged FTSE International ETF (HFXI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap companies located in developed nations outside of North America, with roughly half of its foreign currency exposure hedged to the USD.