FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Stock Price Down 0.8% – What’s Next?

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV)’s stock price traded down 0.8% during trading on Monday . The stock traded as low as $72.47 and last traded at $72.48. 2,296 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 6,768 shares. The stock had previously closed at $73.05.

FlexShares US Quality Low Volatility Index Fund Stock Down 0.8%

The firm’s 50 day simple moving average is $71.76 and its 200 day simple moving average is $69.85. The company has a market cap of $144.96 million, a price-to-earnings ratio of 21.43 and a beta of 0.76.

Institutional Trading of FlexShares US Quality Low Volatility Index Fund

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of 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 valued at $26,667,000 after purchasing an additional 110,994 shares during the period. Northern Trust Corp grew its position in FlexShares US Quality Low Volatility Index Fund by 28.2% in the 1st quarter. Northern Trust Corp now owns 325,695 shares of the company’s stock valued at $21,469,000 after buying an additional 71,557 shares in the last quarter. LPL Financial LLC increased its stake in FlexShares US Quality Low Volatility Index Fund by 34.1% during the 1st quarter. LPL Financial LLC now owns 145,460 shares of the company’s stock valued at $9,588,000 after buying an additional 36,957 shares during the period. Peoples Financial Services CORP. bought a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the 2nd quarter worth about $2,260,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund in the 1st quarter worth approximately $753,000.

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.