NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) Shares Climb 0.1% – Here’s What Happened

NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU)’s share price was up 0.1% during mid-day trading on Tuesday. The stock traded as high as $61.24 and last traded at $61.10. Approximately 2,681 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 11,892 shares. The stock had previously closed at $61.01.

NYLIM Candriam U.S. Large Cap Equity ETF Stock Down 4.3%

The firm has a market cap of $328.24 million, a price-to-earnings ratio of 23.79 and a beta of 1.06. The stock’s 50 day moving average is $62.64 and its 200 day moving average is $59.16.

Hedge Funds Weigh In On NYLIM Candriam U.S. Large Cap Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in shares of NYLIM Candriam U.S. Large Cap Equity ETF in the second quarter valued at $1,395,000. New York Life Investment Management LLC bought a new position in NYLIM Candriam U.S. Large Cap Equity ETF during the third quarter valued at about $308,059,000. Finally, Paul R. Ried Financial Group LLC grew its holdings in NYLIM Candriam U.S. Large Cap Equity ETF by 20.7% during the first quarter. Paul R. Ried Financial Group LLC now owns 18,893 shares of the company’s stock worth $967,000 after acquiring an additional 3,246 shares during the period.

NYLIM Candriam U.S. Large Cap Equity ETF Company Profile

The IQ Candriam ESG US Equity ETF (IQSU) is an exchange-traded fund that is based on the IQ Candriam ESG US Equity index. The fund tracks a proprietary index of large-cap US stocks selected by ESG criteria and weighted by market capitalization. IQSU was launched on Dec 17, 2019 and is managed by IndexIQ.