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

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $32.44 and last traded at $32.44, with a volume of 1858 shares changing hands. The stock had previously closed at $32.40.

NYLI Hedge Multi-Strategy Tracker ETF Trading Up 0.2 %

The company has a market capitalization of $587.71 million, a PE ratio of 14.66 and a beta of 0.31. The stock’s 50-day moving average is $32.08 and its two-hundred day moving average is $31.45.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

Several institutional investors and hedge funds have recently made changes to their positions in QAI. EP Wealth Advisors LLC grew its stake in NYLI Hedge Multi-Strategy Tracker ETF by 332.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 758,377 shares of the company’s stock worth $23,532,000 after acquiring an additional 582,961 shares in the last quarter. Pitcairn Co. boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 46.9% during the third quarter. Pitcairn Co. now owns 1,602,027 shares of the company’s stock valued at $51,393,000 after purchasing an additional 511,219 shares in the last quarter. International Assets Investment Management LLC boosted its position in NYLI Hedge Multi-Strategy Tracker ETF by 3,108.2% during the 3rd quarter. International Assets Investment Management LLC now owns 43,663 shares of the company’s stock valued at $1,361,000 after acquiring an additional 42,302 shares in the last quarter. Consultiva Wealth Management CORP. bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the first quarter valued at about $938,000. Finally, BTS Asset Management Inc. bought a new position in NYLI Hedge Multi-Strategy Tracker ETF in the third quarter worth about $661,000.

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.