NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sets New 52-Week High – What’s Next?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) reached a new 52-week high during trading on Thursday . The company traded as high as $34.42 and last traded at $34.39, with a volume of 2947 shares changing hands. The stock had previously closed at $34.27.

NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.4%

The business’s fifty day moving average is $33.87 and its two-hundred day moving average is $33.46. The stock has a market capitalization of $784.32 million, a PE ratio of 18.21 and a beta of 0.32.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

A number of large investors have recently made changes to their positions in the business. Johnson Financial Group Inc. bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at about $39,000. Advisors Preferred LLC lifted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 117.4% in the 3rd quarter. Advisors Preferred LLC now owns 1,263 shares of the company’s stock valued at $43,000 after purchasing an additional 682 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at approximately $57,000. Farther Finance Advisors LLC boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 101.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,811 shares of the company’s stock worth $59,000 after purchasing an additional 910 shares during the period. Finally, CWM LLC increased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 30.5% during the 3rd quarter. CWM LLC now owns 1,884 shares of the company’s stock valued at $63,000 after purchasing an additional 440 shares during the last quarter.

About NYLI Hedge Multi-Strategy Tracker ETF

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.