FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Trading Up 0.5% – What’s Next?

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) shot up 0.5% on Monday . The stock traded as high as $67.58 and last traded at $67.57. 8,976 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 11,599 shares. The stock had previously closed at $67.22.

FlexShares US Quality Low Volatility Index Fund Trading Down 0.0 %

The stock has a market capitalization of $168.51 million, a P/E ratio of 25.39 and a beta of 0.70. The stock has a 50 day moving average of $66.67 and a 200-day moving average of $64.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in QLV. Herold Advisors Inc. grew its stake in FlexShares US Quality Low Volatility Index Fund by 6.5% during the 2nd quarter. Herold Advisors Inc. now owns 14,985 shares of the company’s stock valued at $934,000 after purchasing an additional 910 shares during the last quarter. Bellevue Asset Management LLC raised its position in FlexShares US Quality Low Volatility Index Fund by 5.4% during the 2nd quarter. Bellevue Asset Management LLC now owns 3,783 shares of the company’s stock worth $236,000 after buying an additional 194 shares during the last quarter. Beam Wealth Advisors Inc. purchased a new position in shares of FlexShares US Quality Low Volatility Index Fund during the second quarter worth $939,000. Envestnet Asset Management Inc. raised its stake in shares of FlexShares US Quality Low Volatility Index Fund by 8.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 67,664 shares of the company’s stock valued at $4,218,000 after buying an additional 5,060 shares during the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of FlexShares US Quality Low Volatility Index Fund in the second quarter worth about $1,659,000.

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.