FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (NYSEARCA:TLTD) Reaches New 52-Week High – Should You Buy?

Shares of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (NYSEARCA:TLTD) hit a new 52-week high during trading on Wednesday . The company traded as high as $93.69 and last traded at $92.7250, with a volume of 3839 shares traded. The stock had previously closed at $92.63.

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund Price Performance

The company has a market capitalization of $594.94 million, a price-to-earnings ratio of 13.36 and a beta of 0.82. The stock has a 50 day simple moving average of $90.09 and a two-hundred day simple moving average of $87.25.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC grew its holdings in FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund by 5.3% during the third quarter. Integrated Wealth Concepts LLC now owns 8,011 shares of the company’s stock worth $711,000 after acquiring an additional 404 shares during the period. Flow Traders U.S. LLC acquired a new stake in FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund in the third quarter valued at $6,444,000. BOKF NA boosted its position in shares of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund by 266.0% during the 3rd quarter. BOKF NA now owns 6,174 shares of the company’s stock worth $548,000 after purchasing an additional 4,487 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund by 115.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,964 shares of the company’s stock worth $2,748,000 after purchasing an additional 16,591 shares in the last quarter. Finally, Harbour Trust & Investment Management Co increased its holdings in shares of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund by 2.0% in the 3rd quarter. Harbour Trust & Investment Management Co now owns 132,171 shares of the company’s stock valued at $11,728,000 after purchasing an additional 2,598 shares in the last quarter.

About FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

The FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of equities from developed countries outside the US. The index favors smaller, value-oriented firms. TLTD was launched on Sep 28, 2012 and is managed by FlexShares.