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

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV)’s share price traded down 0.5% during trading on Monday . The stock traded as low as $75.15 and last traded at $75.15. 1,273 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 14,313 shares. The stock had previously closed at $75.50.

FlexShares US Quality Low Volatility Index Fund Trading Down 0.5%

The company has a 50-day simple moving average of $74.37 and a 200 day simple moving average of $73.50. The company has a market cap of $171.34 million, a P/E ratio of 21.43 and a beta of 0.70.

Hedge Funds Weigh In On FlexShares US Quality Low Volatility Index Fund

Several hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its position in FlexShares US Quality Low Volatility Index Fund by 39.6% in the 2nd quarter. Bank of America Corp DE now owns 391,583 shares of the company’s stock valued at $26,667,000 after acquiring an additional 110,994 shares during the last quarter. United Bank grew its position in FlexShares US Quality Low Volatility Index Fund by 5.2% in the 1st quarter. United Bank now owns 44,862 shares of the company’s stock valued at $3,225,000 after acquiring an additional 2,201 shares during the last quarter. Private Advisor Group LLC grew its position in FlexShares US Quality Low Volatility Index Fund by 2.4% in the 1st quarter. Private Advisor Group LLC now owns 18,119 shares of the company’s stock valued at $1,303,000 after acquiring an additional 419 shares during the last quarter. Rossby Financial LCC bought a new position in FlexShares US Quality Low Volatility Index Fund in the 4th quarter valued at $1,161,000. Finally, Equitable Holdings Inc. grew its position in FlexShares US Quality Low Volatility Index Fund by 52.5% in the 4th quarter. Equitable Holdings Inc. now owns 13,347 shares of the company’s stock valued at $962,000 after acquiring an additional 4,592 shares during the last quarter.

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.