FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV – Get Free Report) shares were down 0.4% during mid-day trading on Tuesday . The stock traded as low as $64.96 and last traded at $65.02. Approximately 3,732 shares traded hands during trading, an increase of 2% from the average daily volume of 3,658 shares. The stock had previously closed at $65.29.
FlexShares US Quality Low Volatility Index Fund Trading Down 0.4 %
The firm has a 50-day moving average of $66.73 and a 200 day moving average of $65.46. The stock has a market capitalization of $161.25 million, a price-to-earnings ratio of 25.39 and a beta of 0.70.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Beam Wealth Advisors Inc. bought a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the 2nd quarter worth $939,000. Axxcess Wealth Management LLC purchased a new position in FlexShares US Quality Low Volatility Index Fund in the 2nd quarter worth about $1,659,000. Colonial River Investments LLC lifted its stake in FlexShares US Quality Low Volatility Index Fund by 1.0% during the third quarter. Colonial River Investments LLC now owns 26,924 shares of the company’s stock valued at $1,790,000 after buying an additional 274 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of FlexShares US Quality Low Volatility Index Fund by 8.1% in the second quarter. Envestnet Asset Management Inc. now owns 67,664 shares of the company’s stock worth $4,218,000 after buying an additional 5,060 shares during the period.
About FlexShares US Quality Low Volatility Index Fund
The FlexShares US Quality Low Volatility Index Fund (QLV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor-selected, market-cap-weighted index of US large- and mid-cap equities. QLV was launched on Jul 15, 2019 and is managed by FlexShares.
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