NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 12-Month High – Still a Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price hit a new 52-week high on Friday . The stock traded as high as $36.90 and last traded at $36.90, with a volume of 342 shares changing hands. The stock had previously closed at $36.71.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

The stock has a market cap of $1.03 billion, a PE ratio of 18.21 and a beta of 0.34. The firm has a 50-day moving average price of $36.30 and a 200-day moving average price of $35.48.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cetera Investment Advisers purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF in the second quarter worth about $227,000. Darwin Wealth Management LLC purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the second quarter valued at approximately $3,272,000. Raymond James Financial Inc. grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 49.7% during the second quarter. Raymond James Financial Inc. now owns 457,776 shares of the company’s stock valued at $14,795,000 after buying an additional 152,013 shares during the last quarter. Captrust Financial Advisors increased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.6% during the second quarter. Captrust Financial Advisors now owns 591,319 shares of the company’s stock valued at $19,111,000 after acquiring an additional 9,384 shares in the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the second quarter valued at approximately $1,648,000.

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.