FlexShares Morningstar US Market Factor Tilt Index Fund (BATS:TILT) Shares Up 1.1% – Still a Buy?

FlexShares Morningstar US Market Factor Tilt Index Fund (BATS:TILT)’s stock price shot up 1.1% during mid-day trading on Monday . The company traded as high as $253.87 and last traded at $253.87. 1,995 shares changed hands during trading, a decline of 78% from the average session volume of 9,122 shares. The stock had previously closed at $251.11.

FlexShares Morningstar US Market Factor Tilt Index Fund Trading Up 1.1%

The stock has a 50 day moving average of $249.17 and a 200-day moving average of $248.22. The company has a market capitalization of $1.93 billion, a P/E ratio of 20.76 and a beta of 1.04.

Institutional Investors Weigh In On FlexShares Morningstar US Market Factor Tilt Index Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in shares of FlexShares Morningstar US Market Factor Tilt Index Fund during the second quarter worth $38,000. CoreCap Advisors LLC boosted its position in shares of FlexShares Morningstar US Market Factor Tilt Index Fund by 13.7% during the third quarter. CoreCap Advisors LLC now owns 689 shares of the company’s stock worth $167,000 after acquiring an additional 83 shares during the last quarter. Wealth Advisors of Tampa Bay LLC bought a new position in shares of FlexShares Morningstar US Market Factor Tilt Index Fund during the fourth quarter worth $228,000. Ameriprise Financial Inc. bought a new position in shares of FlexShares Morningstar US Market Factor Tilt Index Fund during the second quarter worth $230,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of FlexShares Morningstar US Market Factor Tilt Index Fund during the fourth quarter worth $261,000.

FlexShares Morningstar US Market Factor Tilt Index Fund Company Profile

The FlexShares Morningstar US Market Factors Tilt Index Fund (TILT) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a broad US index with a tilt toward small-cap and value segments. TILT was launched on Sep 16, 2011 and is managed by FlexShares.