NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI – Get Free Report)’s stock price hit a new 52-week high on Monday . The stock traded as high as $36.84 and last traded at $36.67, with a volume of 976 shares changing hands. The stock had previously closed at $36.25.
NYLI Hedge Multi-Strategy Tracker ETF Stock Performance
The stock has a fifty day moving average of $35.74 and a 200 day moving average of $34.75. The company has a market capitalization of $884.23 million, a PE ratio of 18.21 and a beta of 0.34.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in QAI. Rathbones Group PLC increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 5.9% in the 1st quarter. Rathbones Group PLC now owns 17,627 shares of the company’s stock worth $601,000 after acquiring an additional 980 shares during the last quarter. Royal Bank of Canada increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 2.9% in the 1st quarter. Royal Bank of Canada now owns 1,248,513 shares of the company’s stock worth $42,599,000 after acquiring an additional 34,835 shares during the last quarter. Waverly Advisors LLC increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 16.2% in the 1st quarter. Waverly Advisors LLC now owns 46,608 shares of the company’s stock worth $1,590,000 after acquiring an additional 6,513 shares during the last quarter. Phillip James Consulting Co. bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the 1st quarter worth approximately $27,000. Finally, Fifth Third Bancorp bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the 1st quarter worth approximately $3,971,000.
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.
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