FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV – Get Free Report) shot up 0.4% during mid-day trading on Tuesday . The stock traded as high as $75.60 and last traded at $75.49. Approximately 2,364 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 13,640 shares. The stock had previously closed at $75.19.
FlexShares US Quality Low Volatility Index Fund Price Performance
The company has a market cap of $172.12 million, a P/E ratio of 21.43 and a beta of 0.70. The company’s 50-day moving average is $75.11 and its two-hundred day moving average is $73.81.
Institutional Trading of FlexShares US Quality Low Volatility Index Fund
Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. purchased a new position in shares of FlexShares US Quality Low Volatility Index Fund in the first quarter worth $694,000. Cetera Investment Advisers purchased a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the second quarter valued at $342,000. JPMorgan Chase & Co. bought a new stake in FlexShares US Quality Low Volatility Index Fund in the 2nd quarter worth about $38,000. Raymond James Financial Inc. bought a new stake in FlexShares US Quality Low Volatility Index Fund in the 2nd quarter worth about $61,000. Finally, Bank of America Corp DE grew its stake in shares of FlexShares US Quality Low Volatility Index Fund by 39.6% in the second quarter. Bank of America Corp DE now owns 391,583 shares of the company’s stock worth $26,667,000 after acquiring an additional 110,994 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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