FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Shares Down 0.5% – Should You Sell?

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) were down 0.5% on Monday . The company traded as low as $75.15 and last traded at $75.15. Approximately 1,273 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 14,313 shares. The stock had previously closed at $75.50.

FlexShares US Quality Low Volatility Index Fund Stock Performance

The firm’s 50-day moving average price is $74.46 and its 200 day moving average price is $73.53. The company has a market cap of $171.32 million, a price-to-earnings ratio of 21.43 and a beta of 0.70.

Institutional Investors Weigh In On FlexShares US Quality Low Volatility Index Fund

Several institutional investors have recently modified their holdings of QLV. Bank of America Corp DE grew its position in shares of FlexShares US Quality Low Volatility Index Fund by 39.6% during the 2nd quarter. Bank of America Corp DE now owns 391,583 shares of the company’s stock worth $26,667,000 after buying an additional 110,994 shares during the period. Curry Webb Wealth Management LLC acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the first quarter worth $2,209,000. Rossby Financial LCC acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the fourth quarter worth $1,161,000. Goldman Sachs Group Inc. acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the first quarter worth $694,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the first quarter worth $424,000.

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.