FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Trading 0.5% Higher – Should You Buy?

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV)’s stock price traded up 0.5% during trading on Tuesday . The stock traded as high as $79.95 and last traded at $79.87. 13,045 shares traded hands during trading, an increase of 9% from the average session volume of 12,000 shares. The stock had previously closed at $79.48.

FlexShares US Quality Low Volatility Index Fund Price Performance

The stock has a market capitalization of $167.73 million, a PE ratio of 21.43 and a beta of 0.69. The business’s fifty day moving average price is $77.07 and its two-hundred day moving average price is $75.15.

Institutional Trading of FlexShares US Quality Low Volatility Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in FlexShares US Quality Low Volatility Index Fund by 39.6% during the 2nd quarter. Bank of America Corp DE now owns 391,583 shares of the company’s stock valued at $26,667,000 after purchasing an additional 110,994 shares during the last quarter. United Bank raised its stake in shares of FlexShares US Quality Low Volatility Index Fund by 5.2% in the first quarter. United Bank now owns 44,862 shares of the company’s stock worth $3,225,000 after purchasing an additional 2,201 shares during the last quarter. Curry Webb Wealth Management LLC purchased a new position in shares of FlexShares US Quality Low Volatility Index Fund in the first quarter worth about $2,209,000. Private Advisor Group LLC raised its stake in shares of FlexShares US Quality Low Volatility Index Fund by 2.4% in the first quarter. Private Advisor Group LLC now owns 18,119 shares of the company’s stock worth $1,303,000 after purchasing an additional 419 shares during the last quarter. Finally, Rossby Financial LCC acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the fourth quarter worth about $1,161,000.

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.