NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Hits New 52-Week High – Here’s What Happened

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) reached a new 52-week high on Friday . The stock traded as high as $36.90 and last traded at $36.90, with a volume of 342 shares trading hands. The stock had previously closed at $36.71.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The company has a market capitalization of $1.03 billion, a PE ratio of 18.21 and a beta of 0.34. The company has a 50 day moving average of $36.30 and a two-hundred day moving average of $35.48.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Cetera Investment Advisers bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the second quarter worth about $227,000. Darwin Wealth Management LLC bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the second quarter valued at approximately $3,272,000. Raymond James Financial Inc. increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 49.7% during the second quarter. Raymond James Financial Inc. now owns 457,776 shares of the company’s stock valued at $14,795,000 after purchasing an additional 152,013 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.6% during the second quarter. Captrust Financial Advisors now owns 591,319 shares of the company’s stock valued at $19,111,000 after purchasing an additional 9,384 shares in the last quarter. Finally, Evergreen Capital Management LLC purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the second quarter valued at approximately $1,648,000.

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.