NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 1-Year High – Still a Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares hit a new 52-week high during trading on Friday . The company traded as high as $32.62 and last traded at $32.62, with a volume of 5816 shares trading hands. The stock had previously closed at $32.57.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

The company has a market capitalization of $590.42 million, a price-to-earnings ratio of 14.66 and a beta of 0.31. The business’s 50-day simple moving average is $32.17 and its 200-day simple moving average is $31.51.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

A number of large investors have recently made changes to their positions in the company. Carolinas Wealth Consulting LLC acquired a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the second quarter valued at approximately $32,000. International Assets Investment Management LLC acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 2nd quarter worth $42,000. US Bancorp DE bought a new position in NYLI Hedge Multi-Strategy Tracker ETF during the 3rd quarter worth about $89,000. Matrix Trust Co acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 3rd quarter valued at about $112,000. Finally, Central Bank & Trust Co. lifted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 111.3% in the 2nd quarter. Central Bank & Trust Co. now owns 6,506 shares of the company’s stock valued at $202,000 after acquiring an additional 3,427 shares in the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Company Profile

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.