FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sets New 52-Week High at $75.57

Shares of FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $75.57 and last traded at $75.55, with a volume of 10586 shares trading hands. The stock had previously closed at $75.53.

FlexShares Ultra-Short Income Fund Stock Performance

The company’s fifty day moving average is $75.38 and its 200-day moving average is $75.33.

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

Several institutional investors have recently bought and sold shares of RAVI. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in FlexShares Ultra-Short Income Fund by 78.8% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 5,210 shares of the company’s stock valued at $391,000 after acquiring an additional 2,296 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in FlexShares Ultra-Short Income Fund by 15.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 12,309 shares of the company’s stock valued at $924,000 after acquiring an additional 1,606 shares in the last quarter. Northern Trust Corp boosted its stake in FlexShares Ultra-Short Income Fund by 5.9% in the fourth quarter. Northern Trust Corp now owns 12,290,920 shares of the company’s stock valued at $922,206,000 after acquiring an additional 682,850 shares in the last quarter. Cim LLC acquired a new stake in FlexShares Ultra-Short Income Fund in the fourth quarter valued at approximately $4,755,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in FlexShares Ultra-Short Income Fund in the first quarter valued at approximately $13,087,000.

About FlexShares Ultra-Short Income Fund

The FlexShares Ready Access Variable Income Fund (RAVI) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively managed fund that invests in an ultra-short-term portfolio of investment grade public and private debt issued domestically and abroad.