FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Shares Up 0.4% – Time to Buy?

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) shares shot up 0.4% during trading on Tuesday . The company traded as high as $75.60 and last traded at $75.49. Approximately 2,364 shares changed hands during trading, a decline of 83% from the average daily volume of 13,640 shares. The stock had previously closed at $75.19.

FlexShares US Quality Low Volatility Index Fund Price Performance

The stock has a market capitalization of $161.45 million, a PE ratio of 21.43 and a beta of 0.70. The firm has a fifty day moving average price of $75.15 and a two-hundred day moving average price of $73.83.

Institutional Trading of FlexShares US Quality Low Volatility Index Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of QLV. JPMorgan Chase & Co. purchased a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the second quarter valued at $38,000. Raymond James Financial Inc. bought a new position in shares of FlexShares US Quality Low Volatility Index Fund in the second quarter worth about $61,000. Kestra Advisory Services LLC purchased a new position in FlexShares US Quality Low Volatility Index Fund in the 4th quarter worth about $90,000. Alpha Capital Advisors Inc. ADV bought a new stake in FlexShares US Quality Low Volatility Index Fund during the 4th quarter valued at about $247,000. Finally, Cetera Investment Advisers bought a new stake in FlexShares US Quality Low Volatility Index Fund during the 2nd quarter valued at about $342,000.

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.