NYLI Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) Stock Price Down 2.8% – Here’s Why

NYLI Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) traded down 2.8% during mid-day trading on Friday . The stock traded as low as $60.37 and last traded at $60.37. 1,487 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 15,517 shares. The stock had previously closed at $62.09.

NYLI Candriam U.S. Large Cap Equity ETF Stock Down 2.8%

The business has a 50 day simple moving average of $57.26 and a two-hundred day simple moving average of $55.42. The firm has a market cap of $332.04 million, a PE ratio of 26.80 and a beta of 1.07.

Institutional Trading of NYLI Candriam U.S. Large Cap Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in shares of NYLI Candriam U.S. Large Cap Equity ETF by 25.2% during the first quarter. NewEdge Advisors LLC now owns 2,482 shares of the company’s stock valued at $113,000 after acquiring an additional 499 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of NYLI Candriam U.S. Large Cap Equity ETF by 11.5% during the second quarter. Raymond James Financial Inc. now owns 10,182 shares of the company’s stock valued at $505,000 after acquiring an additional 1,048 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of NYLI Candriam U.S. Large Cap Equity ETF by 0.6% during the second quarter. Captrust Financial Advisors now owns 50,655 shares of the company’s stock valued at $2,512,000 after acquiring an additional 300 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of NYLI Candriam U.S. Large Cap Equity ETF by 66.6% during the third quarter. Envestnet Asset Management Inc. now owns 74,986 shares of the company’s stock valued at $3,989,000 after acquiring an additional 29,980 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of NYLI Candriam U.S. Large Cap Equity ETF by 1.0% during the third quarter. Bank of America Corp DE now owns 36,804 shares of the company’s stock valued at $1,958,000 after acquiring an additional 364 shares in the last quarter.

About NYLI Candriam U.S. Large Cap Equity ETF

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.