Shares of FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV – Get Free Report) shot up 0.5% on Tuesday . The stock traded as high as $79.95 and last traded at $79.87. Approximately 13,045 shares changed 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 Stock Performance
The stock has a market capitalization of $168.55 million, a price-to-earnings ratio of 21.43 and a beta of 0.69. The company has a fifty day simple moving average of $77.17 and a two-hundred day simple moving average of $75.20.
Institutional Investors Weigh In On FlexShares US Quality Low Volatility Index Fund
A number of large investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in FlexShares US Quality Low Volatility Index Fund by 39.6% during the second quarter. Bank of America Corp DE now owns 391,583 shares of the company’s stock worth $26,667,000 after purchasing an additional 110,994 shares during the last quarter. Curry Webb Wealth Management LLC bought a new position in shares of FlexShares US Quality Low Volatility Index Fund in the 1st quarter valued at $2,209,000. Rossby Financial LCC acquired a new position in shares of FlexShares US Quality Low Volatility Index Fund during the 4th quarter worth $1,161,000. Goldman Sachs Group Inc. acquired a new position in shares of FlexShares US Quality Low Volatility Index Fund during the 1st quarter worth $694,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the 1st quarter worth $424,000.
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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