NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $35.64 and traded as high as $35.78. NYLIM Hedge Multi-Strategy Tracker ETF shares last traded at $35.71, with a volume of 28,869 shares trading hands.
NYLIM Hedge Multi-Strategy Tracker ETF Price Performance
The company has a 50 day moving average price of $36.09 and a 200 day moving average price of $35.64. The firm has a market cap of $996.31 million, a PE ratio of 18.21 and a beta of 0.35.
Hedge Funds Weigh In On NYLIM Hedge Multi-Strategy Tracker ETF
Several institutional investors have recently bought and sold shares of the company. Aspiriant LLC purchased a new position in NYLIM Hedge Multi-Strategy Tracker ETF during the third quarter worth about $7,624,000. Fifth Third Bancorp acquired a new stake in NYLIM Hedge Multi-Strategy Tracker ETF in the 1st quarter valued at about $3,971,000. Diversify Advisory Services LLC increased its position in NYLIM Hedge Multi-Strategy Tracker ETF by 145.6% during the third quarter. Diversify Advisory Services LLC now owns 146,907 shares of the company’s stock worth $5,284,000 after buying an additional 87,081 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the third quarter valued at approximately $3,082,000. Finally, Citadel Advisors LLC purchased a new stake in NYLIM Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at about $1,394,000.
About NYLIM 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.
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