NYLI Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) Stock Price Down 1% – Here’s Why

NYLI Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) shares traded down 1% during trading on Friday . The stock traded as low as $60.97 and last traded at $61.19. 4,115 shares traded hands during trading, a decline of 70% from the average session volume of 13,513 shares. The stock had previously closed at $61.78.

NYLI Candriam U.S. Large Cap Equity ETF Price Performance

The company has a market capitalization of $324.31 million, a price-to-earnings ratio of 26.80 and a beta of 1.06. The business’s 50-day moving average price is $61.29 and its two-hundred day moving average price is $56.94.

Hedge Funds Weigh In On NYLI Candriam U.S. Large Cap Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its holdings in shares of NYLI Candriam U.S. Large Cap Equity ETF by 25.2% during the 1st quarter. NewEdge Advisors LLC now owns 2,482 shares of the company’s stock worth $113,000 after purchasing an additional 499 shares in the last quarter. Raymond James Financial Inc. grew its stake in NYLI Candriam U.S. Large Cap Equity ETF by 11.5% during the second quarter. Raymond James Financial Inc. now owns 10,182 shares of the company’s stock worth $505,000 after buying an additional 1,048 shares in the last quarter. Captrust Financial Advisors grew its stake in NYLI Candriam U.S. Large Cap Equity ETF by 0.6% during the second quarter. Captrust Financial Advisors now owns 50,655 shares of the company’s stock worth $2,512,000 after buying an additional 300 shares in the last quarter. Bank of America Corp DE grew its stake in NYLI Candriam U.S. Large Cap Equity ETF by 1.0% during the third quarter. Bank of America Corp DE now owns 36,804 shares of the company’s stock worth $1,958,000 after buying an additional 364 shares in the last quarter. Finally, Paul R. Ried Financial Group LLC increased its holdings in NYLI Candriam U.S. Large Cap Equity ETF by 7.6% in the 4th quarter. Paul R. Ried Financial Group LLC now owns 15,647 shares of the company’s stock valued at $857,000 after buying an additional 1,107 shares during the period.

About NYLI Candriam U.S. Large Cap Equity ETF

The IQ Candriam ESG US Equity ETF (IQSU) is an exchange-traded fund that is based on the IQ Candriam ESG US Equity index. The fund tracks a proprietary index of large-cap US stocks selected by ESG criteria and weighted by market capitalization. IQSU was launched on Dec 17, 2019 and is managed by IndexIQ.