FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Trading Down 0.2% – Here’s Why

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV)’s stock price were down 0.2% on Thursday . The company traded as low as $66.26 and last traded at $66.31. 754 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 11,164 shares. The stock had previously closed at $66.47.

FlexShares US Quality Low Volatility Index Fund Price Performance

The stock has a market capitalization of $164.46 million, a price-to-earnings ratio of 25.39 and a beta of 0.70. The firm has a 50 day simple moving average of $65.05 and a 200-day simple moving average of $62.62.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Axxcess Wealth Management LLC acquired a new stake in FlexShares US Quality Low Volatility Index Fund during the 2nd quarter worth approximately $1,659,000. Envestnet Asset Management Inc. raised its holdings in shares of FlexShares US Quality Low Volatility Index Fund by 8.1% during the second quarter. Envestnet Asset Management Inc. now owns 67,664 shares of the company’s stock worth $4,218,000 after acquiring an additional 5,060 shares during the period. Beam Wealth Advisors Inc. bought a new stake in FlexShares US Quality Low Volatility Index Fund in the 2nd quarter valued at $939,000. Bellevue Asset Management LLC boosted its stake in FlexShares US Quality Low Volatility Index Fund by 5.4% in the 2nd quarter. Bellevue Asset Management LLC now owns 3,783 shares of the company’s stock worth $236,000 after purchasing an additional 194 shares during the period. Finally, Herold Advisors Inc. increased its holdings in FlexShares US Quality Low Volatility Index Fund by 6.5% during the 2nd quarter. Herold Advisors Inc. now owns 14,985 shares of the company’s stock worth $934,000 after purchasing an additional 910 shares in the last quarter.

About FlexShares US Quality Low Volatility Index Fund

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.