NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 12-Month High – Here’s What Happened

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $34.71 and last traded at $34.69, with a volume of 19294 shares traded. The stock had previously closed at $34.53.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The stock has a 50 day simple moving average of $34.15 and a two-hundred day simple moving average of $33.66. The company has a market cap of $792.76 million, a price-to-earnings ratio of 18.21 and a beta of 0.32.

Institutional Investors Weigh In On NYLI Hedge Multi-Strategy Tracker ETF

A number of hedge funds have recently modified their holdings of QAI. Alaska Wealth Advisors boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 4.6% in the 3rd quarter. Alaska Wealth Advisors now owns 986,028 shares of the company’s stock valued at $33,160,000 after purchasing an additional 43,780 shares during the last quarter. LFA Lugano Financial Advisors SA increased its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 14.9% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 103,139 shares of the company’s stock worth $3,333,000 after buying an additional 13,395 shares during the last quarter. Alaska Permanent Capital Management LLC lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 3.6% in the second quarter. Alaska Permanent Capital Management LLC now owns 1,541,694 shares of the company’s stock valued at $49,858,000 after acquiring an additional 53,220 shares during the last quarter. Brown Wealth Management LLC lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 33.3% in the second quarter. Brown Wealth Management LLC now owns 108,511 shares of the company’s stock valued at $3,507,000 after acquiring an additional 27,084 shares during the last quarter. Finally, Patten Group Inc. lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 25.2% in the second quarter. Patten Group Inc. now owns 12,808 shares of the company’s stock valued at $414,000 after acquiring an additional 2,576 shares during the last quarter.

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.