FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Shares Down 1.6% – What’s Next?

Shares of FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) traded down 1.6% on Wednesday . The company traded as low as $72.27 and last traded at $72.27. 27,471 shares changed hands during mid-day trading, an increase of 203% from the average session volume of 9,065 shares. The stock had previously closed at $73.42.

FlexShares US Quality Low Volatility Index Fund Trading Down 1.5%

The company’s 50-day moving average is $73.78 and its two-hundred day moving average is $72.47. The stock has a market capitalization of $140.48 million, a P/E ratio of 21.43 and a beta of 0.76.

FlexShares US Quality Low Volatility Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 20th will be given a $0.2286 dividend. This represents a $0.91 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, March 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of FlexShares US Quality Low Volatility Index Fund by 39.6% during the second quarter. Bank of America Corp DE now owns 391,583 shares of the company’s stock valued at $26,667,000 after purchasing an additional 110,994 shares during the period. Peoples Financial Services CORP. lifted its holdings in FlexShares US Quality Low Volatility Index Fund by 2.9% in the third quarter. Peoples Financial Services CORP. now owns 34,149 shares of the company’s stock worth $2,457,000 after purchasing an additional 964 shares during the period. Rossby Financial LCC acquired a new stake in FlexShares US Quality Low Volatility Index Fund in the fourth quarter worth about $1,161,000. Private Advisor Group LLC grew its position in FlexShares US Quality Low Volatility Index Fund by 3.8% in the 3rd quarter. Private Advisor Group LLC now owns 14,684 shares of the company’s stock valued at $1,056,000 after buying an additional 544 shares in the last quarter. Finally, Equitable Holdings Inc. grew its position in FlexShares US Quality Low Volatility Index Fund by 52.5% in the 4th quarter. Equitable Holdings Inc. now owns 13,347 shares of the company’s stock valued at $962,000 after buying an additional 4,592 shares in 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.