NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Hits New 1-Year High – Time to Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $34.57 and last traded at $34.56, with a volume of 34126 shares. The stock had previously closed at $34.39.

NYLI Hedge Multi-Strategy Tracker ETF Trading Up 0.5%

The stock has a fifty day moving average price of $33.95 and a 200 day moving average price of $33.52. The firm has a market cap of $787.97 million, a price-to-earnings ratio of 18.21 and a beta of 0.32.

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

Institutional investors have recently modified their holdings of the company. Johnson Financial Group Inc. bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth $39,000. Advisors Preferred LLC lifted its position in NYLI Hedge Multi-Strategy Tracker ETF by 117.4% during the 3rd quarter. Advisors Preferred LLC now owns 1,263 shares of the company’s stock worth $43,000 after acquiring an additional 682 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the second quarter valued at about $57,000. Farther Finance Advisors LLC boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 101.0% during the second quarter. Farther Finance Advisors LLC now owns 1,811 shares of the company’s stock valued at $59,000 after acquiring an additional 910 shares during the period. Finally, CWM LLC grew its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 30.5% in the third 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.

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.