NYLI Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) Stock Price Up 0.4% – Here’s Why

NYLI Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU)’s share price rose 0.4% during trading on Friday . The company traded as high as $62.93 and last traded at $62.93. Approximately 997 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 12,361 shares. The stock had previously closed at $62.67.

NYLI Candriam U.S. Large Cap Equity ETF Stock Performance

The firm’s 50 day simple moving average is $61.52 and its 200-day simple moving average is $57.56. The company has a market capitalization of $339.82 million, a price-to-earnings ratio of 26.80 and a beta of 1.06.

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

Hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in shares of NYLI Candriam U.S. Large Cap Equity ETF during the 4th quarter valued at $25,000. Northwestern Mutual Wealth Management Co. boosted its holdings 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 purchasing an additional 280 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in NYLI Candriam U.S. Large Cap Equity ETF by 25.2% in the first quarter. NewEdge Advisors LLC now owns 2,482 shares of the company’s stock worth $113,000 after purchasing an additional 499 shares in the last quarter. Raymond James Financial Inc. increased its position in NYLI Candriam U.S. Large Cap Equity ETF by 11.5% during the second quarter. Raymond James Financial Inc. now owns 10,182 shares of the company’s stock worth $505,000 after buying an additional 1,048 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new position in NYLI Candriam U.S. Large Cap Equity ETF during the fourth quarter worth $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.