NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 52-Week High – Here’s Why

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.44 and last traded at $32.44, with a volume of 1858 shares. The stock had previously closed at $32.40.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The stock has a fifty day moving average of $32.08 and a 200 day moving average of $31.45. The stock has a market cap of $587.71 million, a price-to-earnings ratio of 14.66 and a beta of 0.31.

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

A number of institutional investors have recently modified their holdings of QAI. Raymond James & Associates lifted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 10.1% in the 2nd quarter. Raymond James & Associates now owns 163,743 shares of the company’s stock valued at $5,081,000 after purchasing an additional 14,967 shares during the period. Brookstone Capital Management raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 10.6% in the third quarter. Brookstone Capital Management now owns 12,176 shares of the company’s stock worth $391,000 after acquiring an additional 1,163 shares during the period. UP Strategic Wealth Investment Advisors LLC raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 8.5% in the second quarter. UP Strategic Wealth Investment Advisors LLC now owns 10,712 shares of the company’s stock worth $332,000 after acquiring an additional 837 shares during the period. Matrix Trust Co purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 3rd quarter worth about $112,000. Finally, Greenwood Capital Associates LLC grew its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 3.9% during the 3rd quarter. Greenwood Capital Associates LLC now owns 8,632 shares of the company’s stock valued at $277,000 after acquiring an additional 325 shares during the period.

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.