NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sets New 1-Year High – Still a Buy?

Shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) reached a new 52-week high on Friday . The company traded as high as $32.99 and last traded at $32.99, with a volume of 100 shares traded. The stock had previously closed at $32.28.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The company has a 50 day moving average of $32.33 and a two-hundred day moving average of $31.72. The company has a market capitalization of $583.91 million, a PE ratio of 14.66 and a beta of 0.31.

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

Several hedge funds have recently bought and sold shares of QAI. Carolinas Wealth Consulting LLC bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the second quarter valued at $32,000. International Assets Investment Management LLC purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF in the second quarter worth about $42,000. US Bancorp DE bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the third quarter worth approximately $89,000. Matrix Trust Co purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the third quarter valued at approximately $112,000. Finally, Raymond James Trust N.A. bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the third quarter valued at approximately $254,000.

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.