NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 12-Month High – Should You Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $36.25 and last traded at $36.25, with a volume of 3454 shares. The stock had previously closed at $36.13.

NYLI Hedge Multi-Strategy Tracker ETF Trading Up 0.3%

The stock has a market capitalization of $873.63 million, a PE ratio of 18.21 and a beta of 0.34. The firm has a 50 day moving average price of $34.75 and a 200 day moving average price of $34.30.

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

Several hedge funds and other institutional investors have recently modified their holdings of QAI. International Assets Investment Management LLC purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter worth $37,000. EFG International AG bought a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter worth $40,000. Advisors Preferred LLC boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 117.4% in the 3rd quarter. Advisors Preferred LLC now owns 1,263 shares of the company’s stock worth $43,000 after buying an additional 682 shares during the period. CWM LLC boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 30.5% in the 3rd quarter. CWM LLC now owns 1,884 shares of the company’s stock worth $63,000 after buying an additional 440 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter worth $99,000.

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.