NYLI Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) Stock Price Down 1.9% – Should You Sell?

NYLI Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU)’s share price traded down 1.9% during mid-day trading on Tuesday . The stock traded as low as $54.63 and last traded at $54.63. 1,349 shares traded hands during trading, a decline of 47% from the average session volume of 2,554 shares. The stock had previously closed at $55.67.

NYLI Candriam U.S. Large Cap Equity ETF Trading Down 1.9%

The firm’s 50-day moving average price is $54.67 and its two-hundred day moving average price is $52.86. The stock has a market cap of $234.91 million, a PE ratio of 26.80 and a beta of 1.03.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its stake in shares of NYLI Candriam U.S. Large Cap Equity ETF by 25.2% during the 1st quarter. NewEdge Advisors LLC now owns 2,482 shares of the company’s stock worth $113,000 after purchasing an additional 499 shares during the last quarter. MGO One Seven LLC grew its position in shares of NYLI Candriam U.S. Large Cap Equity ETF by 1.7% in the 2nd quarter. MGO One Seven LLC now owns 13,345 shares of the company’s stock worth $662,000 after buying an additional 224 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of NYLI Candriam U.S. Large Cap Equity ETF by 99.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 45,006 shares of the company’s stock worth $2,232,000 after buying an additional 22,423 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in shares of NYLI Candriam U.S. Large Cap Equity ETF during the 2nd quarter worth approximately $210,000. Finally, Raymond James Financial Inc. lifted its position in 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 during 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.