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

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.57 and last traded at $34.56, with a volume of 34126 shares trading hands. The stock had previously closed at $34.39.

NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.5%

The firm has a 50-day moving average of $33.95 and a 200 day moving average of $33.52. The stock has a market capitalization of $787.97 million, a P/E ratio of 18.21 and a beta of 0.32.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

Several institutional investors have recently made changes to their positions in QAI. Pitcairn Co. raised its position in NYLI Hedge Multi-Strategy Tracker ETF by 7.7% in the third quarter. Pitcairn Co. now owns 1,807,177 shares of the company’s stock worth $60,775,000 after purchasing an additional 129,310 shares in the last quarter. Alaska Permanent Capital Management LLC boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 3.6% during the second quarter. Alaska Permanent Capital Management LLC now owns 1,541,694 shares of the company’s stock valued at $49,858,000 after purchasing an additional 53,220 shares in the last quarter. Alaska Wealth Advisors grew its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 4.6% in the 3rd quarter. Alaska Wealth Advisors now owns 986,028 shares of the company’s stock valued at $33,160,000 after purchasing an additional 43,780 shares during the period. Focus Partners Wealth raised its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 14.8% in the 3rd quarter. Focus Partners Wealth now owns 757,604 shares of the company’s stock worth $25,543,000 after buying an additional 97,734 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.6% during the 2nd quarter. Captrust Financial Advisors now owns 591,319 shares of the company’s stock worth $19,111,000 after buying an additional 9,384 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.