FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Trading Down 0.3% – Here’s Why

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLVGet Free Report)’s share price fell 0.3% during trading on Tuesday . The company traded as low as $72.41 and last traded at $72.54. 2,111 shares changed hands during trading, a decline of 77% from the average session volume of 9,376 shares. The stock had previously closed at $72.78.

FlexShares US Quality Low Volatility Index Fund Trading Down 0.3%

The stock’s fifty day simple moving average is $72.16 and its 200 day simple moving average is $70.99. The company has a market cap of $141.45 million, a price-to-earnings ratio of 21.43 and a beta of 0.76.

Institutional Trading of FlexShares US Quality Low Volatility Index Fund

Several hedge funds have recently made changes to their positions in QLV. JPMorgan Chase & Co. purchased a new position in FlexShares US Quality Low Volatility Index Fund in the second quarter valued at $38,000. Raymond James Financial Inc. purchased a new stake in shares of FlexShares US Quality Low Volatility Index Fund in the second quarter valued at about $61,000. Rossmore Private Capital acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the third quarter worth about $72,000. Parallel Advisors LLC grew its holdings in shares of FlexShares US Quality Low Volatility Index Fund by 7.7% during the second quarter. Parallel Advisors LLC now owns 3,000 shares of the company’s stock worth $204,000 after buying an additional 214 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in FlexShares US Quality Low Volatility Index Fund in the 2nd quarter valued at about $342,000.

About FlexShares US Quality Low Volatility Index Fund

(Get Free Report)

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.

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