FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Stock Price Down 0.4% – Here’s What Happened

Shares of FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) were down 0.4% during mid-day trading on Tuesday . The stock traded as low as $64.96 and last traded at $65.02. Approximately 3,732 shares were traded during trading, an increase of 2% from the average daily volume of 3,658 shares. The stock had previously closed at $65.29.

FlexShares US Quality Low Volatility Index Fund Stock Up 0.4 %

The stock has a 50-day simple moving average of $66.71 and a 200 day simple moving average of $65.46. The company has a market cap of $161.89 million, a PE ratio of 25.39 and a beta of 0.70.

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

Several large investors have recently made changes to their positions in the stock. Beam Wealth Advisors Inc. grew its position in FlexShares US Quality Low Volatility Index Fund by 1.6% in the 3rd quarter. Beam Wealth Advisors Inc. now owns 15,304 shares of the company’s stock valued at $1,018,000 after acquiring an additional 240 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of FlexShares US Quality Low Volatility Index Fund in the second quarter valued at approximately $1,659,000. Colonial River Investments LLC increased its stake in FlexShares US Quality Low Volatility Index Fund by 1.0% during the 3rd quarter. Colonial River Investments LLC now owns 26,924 shares of the company’s stock worth $1,790,000 after buying an additional 274 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in FlexShares US Quality Low Volatility Index Fund by 8.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 67,664 shares of the company’s stock worth $4,218,000 after buying an additional 5,060 shares in 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.