FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Shares Down 0.8%

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV – Get Rating)’s share price traded down 0.8% during mid-day trading on Tuesday . The stock traded as low as $51.59 and last traded at $51.59. 12,223 shares changed hands during trading, a decline of 41% from the average session volume of 20,788 shares. The stock had previously closed at $52.02.

FlexShares US Quality Low Volatility Index Fund Price Performance

The stock has a market cap of $170.26 million, a price-to-earnings ratio of 25.59 and a beta of 0.83. The business’s 50 day moving average is $51.54 and its 200 day moving average is $51.17.

Institutional Investors Weigh In On FlexShares US Quality Low Volatility Index Fund

Several institutional investors have recently added to or reduced their stakes in QLV. Bank of America Corp DE lifted its holdings in shares of FlexShares US Quality Low Volatility Index Fund by 817.7% in the 1st quarter. Bank of America Corp DE now owns 309,954 shares of the company’s stock valued at $15,925,000 after purchasing an additional 276,179 shares during the last quarter. Royal Bank of Canada acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund in the first quarter valued at approximately $1,286,000. Envestnet Asset Management Inc. grew its position in shares of FlexShares US Quality Low Volatility Index Fund by 71.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 46,247 shares of the company’s stock worth $2,325,000 after acquiring an additional 19,351 shares during the last quarter. Smith Moore & CO. purchased a new position in shares of FlexShares US Quality Low Volatility Index Fund during the first quarter worth approximately $767,000. Finally, Susquehanna International Group LLP acquired a new position in shares of FlexShares US Quality Low Volatility Index Fund in the 4th quarter valued at $710,000.

FlexShares US Quality Low Volatility Index Fund Company Profile

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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.