FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV – Get Free Report)’s stock price dropped 0.3% on Monday. The company traded as low as $81.95 and last traded at $81.95. Approximately 7,018 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 11,687 shares. The stock had previously closed at $82.22.
FlexShares US Quality Low Volatility Index Fund Price Performance
The stock has a market capitalization of $181.93 million, a price-to-earnings ratio of 21.43 and a beta of 0.68. The firm has a 50 day simple moving average of $80.04 and a 200-day simple moving average of $76.35.
Hedge Funds Weigh In On FlexShares US Quality Low Volatility Index Fund
Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in FlexShares US Quality Low Volatility Index Fund in the first quarter valued at about $424,000. Commonwealth Equity Services LLC bought a new position in shares of FlexShares US Quality Low Volatility Index Fund in the third quarter valued at approximately $996,000. Citadel Advisors LLC acquired a new position in shares of FlexShares US Quality Low Volatility Index Fund in the 2nd quarter worth approximately $1,003,000. Private Advisor Group LLC boosted its holdings in shares of FlexShares US Quality Low Volatility Index Fund by 2.4% in the 1st quarter. Private Advisor Group LLC now owns 18,119 shares of the company’s stock worth $1,303,000 after acquiring an additional 419 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in shares of FlexShares US Quality Low Volatility Index Fund in the 3rd quarter worth approximately $1,794,000.
FlexShares US Quality Low Volatility Index Fund Company Profile
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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