FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Trading Up 0.7% – Here’s Why

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) shot up 0.7% during trading on Thursday . The stock traded as high as $63.95 and last traded at $63.94. 35,452 shares traded hands during mid-day trading, an increase of 244% from the average session volume of 10,300 shares. The stock had previously closed at $63.51.

FlexShares US Quality Low Volatility Index Fund Trading Up 0.7 %

The firm has a market capitalization of $124.68 million, a P/E ratio of 21.21 and a beta of 0.78. The company has a 50-day moving average of $64.97 and a 200-day moving average of $66.04.

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

Large investors have recently made changes to their positions in the business. Two Sigma Investments LP bought a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the 4th quarter valued at about $881,000. Citadel Advisors LLC purchased a new position in FlexShares US Quality Low Volatility Index Fund in the fourth quarter worth $1,535,000. Bank of America Corp DE increased its stake in FlexShares US Quality Low Volatility Index Fund by 42.1% in the fourth quarter. Bank of America Corp DE now owns 285,936 shares of the company’s stock valued at $18,657,000 after acquiring an additional 84,771 shares during the last quarter. LPL Financial LLC raised its position in FlexShares US Quality Low Volatility Index Fund by 13.8% during the fourth quarter. LPL Financial LLC now owns 108,503 shares of the company’s stock valued at $7,080,000 after purchasing an additional 13,148 shares in the last quarter. Finally, United Bank lifted its stake in FlexShares US Quality Low Volatility Index Fund by 5.5% during the fourth quarter. United Bank now owns 44,260 shares of the company’s stock worth $2,888,000 after purchasing an additional 2,307 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.