NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 52-Week High – Should You Buy?

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 $34.98 and last traded at $34.93, with a volume of 1548 shares. The stock had previously closed at $34.86.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The stock has a market cap of $797.79 million, a PE ratio of 18.21 and a beta of 0.32. The business has a 50 day moving average price of $34.29 and a two-hundred day moving average price of $33.80.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QAI. Axxcess Wealth Management LLC bought a new position in NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter worth $3,530,000. Hyposwiss Advisors SA purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter valued at approximately $1,712,000. EFG International AG purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter worth approximately $40,000. Cetera Investment Advisers increased its position in NYLI Hedge Multi-Strategy Tracker ETF by 95.9% during the 4th quarter. Cetera Investment Advisers now owns 16,256 shares of the company’s stock valued at $545,000 after buying an additional 7,956 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter valued at $696,000.

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.