NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Stock Price Breaks Above 200-Day Moving Average – What’s Next?

NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $35.64 and traded as high as $35.78. NYLIM Hedge Multi-Strategy Tracker ETF shares last traded at $35.71, with a volume of 28,869 shares traded.

NYLIM Hedge Multi-Strategy Tracker ETF Trading Up 0.6%

The firm has a market cap of $996.31 million, a PE ratio of 18.21 and a beta of 0.35. The stock’s 50 day moving average price is $36.09 and its 200 day moving average price is $35.64.

Institutional Investors Weigh In On NYLIM Hedge Multi-Strategy Tracker ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bryn Mawr Trust Advisors LLC purchased a new position in NYLIM Hedge Multi-Strategy Tracker ETF in the 3rd quarter worth approximately $291,000. William Mack & Associates Inc. purchased a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF during the third quarter valued at approximately $48,000. Verdence Capital Advisors LLC raised its stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF by 3.8% during the third quarter. Verdence Capital Advisors LLC now owns 807,936 shares of the company’s stock valued at $29,118,000 after purchasing an additional 29,857 shares during the period. Live Oak Investment Partners raised its stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF by 0.3% during the third quarter. Live Oak Investment Partners now owns 140,943 shares of the company’s stock valued at $5,080,000 after purchasing an additional 414 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in shares of NYLIM Hedge Multi-Strategy Tracker ETF during the third quarter worth $1,541,000.

NYLIM 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.