New York Life Investment Management LLC Sells 233,041 Shares of IQ 500 International ETF (NYSEARCA:IQIN)

New York Life Investment Management LLC cut its stake in shares of IQ 500 International ETF (NYSEARCA:IQIN) by 4.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,191,469 shares of the company’s stock after selling 233,041 shares during the period. IQ 500 International ETF makes up approximately 1.7% of New York Life Investment Management LLC’s holdings, making the stock its 9th largest holding. New York Life Investment Management LLC owned about 82.40% of IQ 500 International ETF worth $170,183,000 at the end of the most recent reporting period.

Separately, N.E.W. Advisory Services LLC increased its holdings in IQ 500 International ETF by 12.3% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 13,018 shares of the company’s stock worth $398,000 after purchasing an additional 1,423 shares during the last quarter.

IQ 500 International ETF Trading Down 0.3 %

IQIN stock traded down $0.09 during midday trading on Wednesday, hitting $33.25. 7,048 shares of the company’s stock were exchanged, compared to its average volume of 20,227. IQ 500 International ETF has a 12-month low of $29.07 and a 12-month high of $34.52. The firm has a 50 day moving average price of $33.63 and a 200-day moving average price of $32.43. The stock has a market capitalization of $192.85 million, a price-to-earnings ratio of 10.71 and a beta of 0.75.

IQ 500 International ETF Profile

The IQ 500 International ETF (IQIN) is an exchange-traded fund that is based on the IQ 500 International index. The fund tracks an index of developed market ex-US stocks. The index uses fundamental factors for selection and weighting. IQIN was launched on Dec 13, 2018 and is managed by IndexIQ.