FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Trading Down 0.1% – Time to Sell?

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV)’s share price dropped 0.1% on Tuesday . The company traded as low as $76.81 and last traded at $76.96. Approximately 7,475 shares traded hands during trading, a decline of 42% from the average session volume of 12,866 shares. The stock had previously closed at $77.04.

FlexShares US Quality Low Volatility Index Fund Stock Performance

The firm has a market cap of $161.23 million, a P/E ratio of 21.43 and a beta of 0.70. The business’s 50-day simple moving average is $75.94 and its 200 day simple moving average is $74.33.

Institutional Trading of FlexShares US Quality Low Volatility Index Fund

A number of hedge funds have recently bought and sold shares of QLV. JPMorgan Chase & Co. purchased a new position in FlexShares US Quality Low Volatility Index Fund in the second quarter worth about $38,000. Raymond James Financial Inc. purchased a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the 2nd quarter valued at about $61,000. Kestra Advisory Services LLC purchased a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the 4th quarter valued at about $90,000. Alpha Capital Advisors Inc. ADV bought a new position in shares of FlexShares US Quality Low Volatility Index Fund in the 4th quarter worth approximately $247,000. Finally, Cetera Investment Advisers bought a new position in shares of FlexShares US Quality Low Volatility Index Fund in the 2nd quarter worth approximately $342,000.

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.