NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 12-Month High – Here’s Why

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $35.51 and last traded at $35.33, with a volume of 109158 shares traded. The stock had previously closed at $35.43.

NYLI Hedge Multi-Strategy Tracker ETF Stock Down 0.3%

The stock has a market cap of $792.51 million, a P/E ratio of 18.21 and a beta of 0.32. The company has a 50-day simple moving average of $34.59 and a two-hundred day simple moving average of $34.18.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QAI. Rockefeller Capital Management L.P. boosted its position in NYLI Hedge Multi-Strategy Tracker ETF by 50.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,292 shares of the company’s stock valued at $177,000 after buying an additional 1,771 shares during the period. Axxcess Wealth Management LLC purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at about $3,530,000. Hyposwiss Advisors SA bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter valued at about $1,712,000. EFG International AG bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter valued at about $40,000. Finally, Cetera Investment Advisers boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 95.9% during the fourth quarter. Cetera Investment Advisers now owns 16,256 shares of the company’s stock worth $545,000 after purchasing an additional 7,956 shares during the period.

About NYLI Hedge Multi-Strategy Tracker ETF

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.