FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Trading 0.5% Higher – Here’s Why

Shares of FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) shot up 0.5% during mid-day trading on Tuesday . The company traded as high as $74.62 and last traded at $74.62. 6,535 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 8,057 shares. The stock had previously closed at $74.27.

FlexShares US Quality Low Volatility Index Fund Trading Up 0.5%

The firm has a market capitalization of $147.75 million, a PE ratio of 21.43 and a beta of 0.76. The firm’s fifty day moving average price is $73.18 and its 200 day moving average price is $72.05.

Institutional Investors Weigh In On FlexShares US Quality Low Volatility Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in QLV. JPMorgan Chase & Co. acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the 2nd quarter valued at about $38,000. Raymond James Financial Inc. bought a new position in FlexShares US Quality Low Volatility Index Fund during the second quarter valued at approximately $61,000. Rossmore Private Capital acquired a new stake in FlexShares US Quality Low Volatility Index Fund in the third quarter valued at approximately $72,000. Kestra Advisory Services LLC acquired a new stake in FlexShares US Quality Low Volatility Index Fund in the fourth quarter valued at approximately $90,000. Finally, Alpha Capital Advisors Inc. ADV bought a new stake in FlexShares US Quality Low Volatility Index Fund in the fourth quarter worth approximately $247,000.

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.