FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Hits New 12-Month High – Still a Buy?

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) shares reached a new 52-week high on Monday . The company traded as high as $76.43 and last traded at $75.21, with a volume of 54280 shares changing hands. The stock had previously closed at $75.14.

FlexShares Ultra-Short Income Fund Stock Up 0.1 %

The company has a fifty day simple moving average of $75.33 and a two-hundred day simple moving average of $75.34.

Institutional Trading of FlexShares Ultra-Short Income Fund

Hedge funds have recently made changes to their positions in the company. Northern Trust Corp increased its position in shares of FlexShares Ultra-Short Income Fund by 10.2% during the fourth quarter. Northern Trust Corp now owns 13,511,678 shares of the company’s stock worth $1,015,686,000 after buying an additional 1,253,819 shares during the period. Cim LLC lifted its stake in shares of FlexShares Ultra-Short Income Fund by 1.8% in the 4th quarter. Cim LLC now owns 70,597 shares of the company’s stock valued at $5,307,000 after purchasing an additional 1,220 shares during the period. MML Investors Services LLC grew its stake in FlexShares Ultra-Short Income Fund by 1.7% during the fourth quarter. MML Investors Services LLC now owns 62,940 shares of the company’s stock worth $4,731,000 after purchasing an additional 1,063 shares during the period. Interactive Financial Advisors Inc. increased its holdings in FlexShares Ultra-Short Income Fund by 118.3% in the fourth quarter. Interactive Financial Advisors Inc. now owns 19,618 shares of the company’s stock worth $1,475,000 after purchasing an additional 10,632 shares in the last quarter. Finally, Auour Investments LLC boosted its holdings in shares of FlexShares Ultra-Short Income Fund by 1.3% during the 4th quarter. Auour Investments LLC now owns 15,165 shares of the company’s stock worth $1,145,000 after buying an additional 190 shares in the last quarter.

FlexShares Ultra-Short Income Fund Company Profile

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.