FlexShares Morningstar US Market Factor Tilt Index Fund (BATS:TILT) Trading Up 1.6% – Still a Buy?

FlexShares Morningstar US Market Factor Tilt Index Fund (BATS:TILT)’s stock price were up 1.6% during mid-day trading on Wednesday . The stock traded as high as $209.42 and last traded at $209.67. Approximately 9,474 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 10,877 shares. The stock had previously closed at $206.46.

FlexShares Morningstar US Market Factor Tilt Index Fund Stock Performance

The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 20.12 and a beta of 1.10. The business has a 50 day simple moving average of $217.58 and a 200-day simple moving average of $217.28.

Hedge Funds Weigh In On FlexShares Morningstar US Market Factor Tilt Index Fund

Institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC increased its holdings in shares of FlexShares Morningstar US Market Factor Tilt Index Fund by 17.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 6,320 shares of the company’s stock valued at $1,365,000 after purchasing an additional 923 shares during the period. Curio Wealth LLC acquired a new stake in shares of FlexShares Morningstar US Market Factor Tilt Index Fund in the 4th quarter valued at approximately $85,000. JPMorgan Chase & Co. raised its position in FlexShares Morningstar US Market Factor Tilt Index Fund by 198.7% in the third quarter. JPMorgan Chase & Co. now owns 1,804 shares of the company’s stock worth $384,000 after acquiring an additional 1,200 shares in the last quarter. Essex Savings Bank purchased a new stake in shares of FlexShares Morningstar US Market Factor Tilt Index Fund during the 4th quarter worth $442,000. Finally, Captrust Financial Advisors lifted its stake in shares of FlexShares Morningstar US Market Factor Tilt Index Fund by 20.1% in the third quarter. Captrust Financial Advisors now owns 5,121 shares of the company’s stock valued at $1,090,000 after purchasing an additional 858 shares during the period.

About FlexShares Morningstar US Market Factor Tilt Index Fund

The FlexShares Morningstar US Market Factors Tilt Index Fund (TILT) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a broad US index with a tilt toward small-cap and value segments. TILT was launched on Sep 16, 2011 and is managed by FlexShares.