NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Hits New 12-Month High – Should You Buy?

Shares of NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.27 and last traded at $27.97, with a volume of 140119 shares. The stock had previously closed at $27.82.

NYLI FTSE International Equity Currency Neutral ETF Stock Performance

The company has a 50-day simple moving average of $26.94 and a two-hundred day simple moving average of $26.97. The firm has a market capitalization of $615.34 million, a P/E ratio of 13.81 and a beta of 0.74.

Institutional Investors Weigh In On NYLI FTSE International Equity Currency Neutral ETF

Several hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its stake in NYLI FTSE International Equity Currency Neutral ETF by 0.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 67,881 shares of the company’s stock worth $1,769,000 after acquiring an additional 403 shares in the last quarter. Covenant Asset Management LLC boosted its position in shares of NYLI FTSE International Equity Currency Neutral ETF by 5.2% in the 3rd quarter. Covenant Asset Management LLC now owns 8,967 shares of the company’s stock worth $248,000 after purchasing an additional 447 shares in the last quarter. Thoroughbred Financial Services LLC boosted its position in shares of NYLI FTSE International Equity Currency Neutral ETF by 1.1% in the 4th quarter. Thoroughbred Financial Services LLC now owns 74,286 shares of the company’s stock worth $1,935,000 after purchasing an additional 804 shares in the last quarter. MML Investors Services LLC grew its stake in shares of NYLI FTSE International Equity Currency Neutral ETF by 3.9% in the 3rd quarter. MML Investors Services LLC now owns 31,495 shares of the company’s stock worth $871,000 after buying an additional 1,191 shares during the last quarter. Finally, GGM Financials LLC increased its position in NYLI FTSE International Equity Currency Neutral ETF by 4.3% during the 3rd quarter. GGM Financials LLC now owns 30,883 shares of the company’s stock valued at $854,000 after buying an additional 1,284 shares in the last quarter.

About NYLI FTSE International Equity Currency Neutral ETF

The IQ 50 Percent Hedged FTSE International ETF (HFXI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap companies located in developed nations outside of North America, with roughly half of its foreign currency exposure hedged to the USD.