NYLI Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) Stock Price Down 2.8% – Here’s Why

NYLI Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU)’s share price was down 2.8% on Friday . The stock traded as low as $60.37 and last traded at $60.37. Approximately 1,487 shares traded hands during trading, a decline of 90% from the average daily volume of 15,517 shares. The stock had previously closed at $62.09.

NYLI Candriam U.S. Large Cap Equity ETF Stock Down 2.8%

The stock has a market cap of $332.04 million, a P/E ratio of 26.80 and a beta of 1.07. The company’s 50 day moving average price is $57.26 and its two-hundred day moving average price is $55.42.

Hedge Funds Weigh In On NYLI Candriam U.S. Large Cap Equity ETF

Large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in NYLI Candriam U.S. Large Cap Equity ETF in the fourth quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. raised its stake in NYLI Candriam U.S. Large Cap Equity ETF by 17.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,891 shares of the company’s stock worth $104,000 after buying an additional 280 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of NYLI Candriam U.S. Large Cap Equity ETF by 25.2% during the 1st quarter. NewEdge Advisors LLC now owns 2,482 shares of the company’s stock worth $113,000 after acquiring an additional 499 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of NYLI Candriam U.S. Large Cap Equity ETF by 11.5% during the 2nd quarter. Raymond James Financial Inc. now owns 10,182 shares of the company’s stock worth $505,000 after acquiring an additional 1,048 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of NYLI Candriam U.S. Large Cap Equity ETF during the 4th quarter worth approximately $682,000.

About NYLI Candriam U.S. Large Cap Equity ETF

The IQ Candriam ESG US Equity ETF (IQSU) is an exchange-traded fund that is based on the IQ Candriam ESG US Equity index. The fund tracks a proprietary index of large-cap US stocks selected by ESG criteria and weighted by market capitalization. IQSU was launched on Dec 17, 2019 and is managed by IndexIQ.