NYLI Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) Trading Down 2.8% – Here’s Why

Shares of NYLI Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) dropped 2.8% during trading on Friday . The stock traded as low as $60.37 and last traded at $60.37. Approximately 1,487 shares were traded during trading, a decline of 90% from the average daily volume of 15,517 shares. The stock had previously closed at $62.09.

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

The stock has a 50 day moving average price of $57.26 and a two-hundred day moving average price of $55.42. The company has a market capitalization of $332.04 million, a price-to-earnings ratio of 26.80 and a beta of 1.07.

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

A number of institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in shares of NYLI Candriam U.S. Large Cap Equity ETF during the fourth quarter worth approximately $6,866,000. Envestnet Asset Management Inc. raised its position in shares of NYLI Candriam U.S. Large Cap Equity ETF by 66.6% during the third quarter. Envestnet Asset Management Inc. now owns 74,986 shares of the company’s stock worth $3,989,000 after acquiring an additional 29,980 shares during the last quarter. Captrust Financial Advisors raised its position in shares of 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 acquiring an additional 300 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of 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 valued at $1,958,000 after acquiring an additional 364 shares during the period. Finally, Paul R. Ried Financial Group LLC boosted its holdings in NYLI Candriam U.S. Large Cap Equity ETF by 20.7% in the first quarter. Paul R. Ried Financial Group LLC now owns 18,893 shares of the company’s stock valued at $967,000 after acquiring an additional 3,246 shares during the last quarter.

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.