FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Shares Up 0.5% – Time to Buy?

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV)’s share price traded up 0.5% during mid-day trading on Monday . The company traded as high as $72.31 and last traded at $72.26. 47,333 shares were traded during trading, an increase of 517% from the average session volume of 7,666 shares. The stock had previously closed at $71.92.

FlexShares US Quality Low Volatility Index Fund Price Performance

The firm has a market capitalization of $144.52 million, a P/E ratio of 21.43 and a beta of 0.76. The firm’s 50 day moving average is $71.94 and its two-hundred day moving average is $70.42.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QLV. JPMorgan Chase & Co. bought a new stake in shares of FlexShares US Quality Low Volatility Index Fund in the 2nd quarter valued at about $38,000. Raymond James Financial Inc. acquired a new position in FlexShares US Quality Low Volatility Index Fund during the second quarter worth approximately $61,000. Rossmore Private Capital acquired a new position in FlexShares US Quality Low Volatility Index Fund during the third quarter worth approximately $72,000. Parallel Advisors LLC raised its stake in FlexShares US Quality Low Volatility Index Fund by 7.7% in the second quarter. Parallel Advisors LLC now owns 3,000 shares of the company’s stock valued at $204,000 after buying an additional 214 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund in the second quarter valued at approximately $342,000.

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.