FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (NYSEARCA:TLTD) Sees Large Volume Increase – Still a Buy?

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (NYSEARCA:TLTD) shares saw strong trading volume on Thursday . 7,627 shares traded hands during mid-day trading, a decline of 45% from the previous session’s volume of 13,804 shares.The stock last traded at $71.90 and had previously closed at $71.56.

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund Price Performance

The stock has a market cap of $530.36 million, a price-to-earnings ratio of 11.64 and a beta of 0.82. The firm’s fifty day moving average price is $73.43 and its two-hundred day moving average price is $71.93.

Institutional Investors Weigh In On FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

A number of hedge funds have recently added to or reduced their stakes in TLTD. Comerica Bank raised its holdings in shares of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund by 3,987.4% in the 1st quarter. Comerica Bank now owns 7,439 shares of the company’s stock worth $533,000 after acquiring an additional 7,257 shares during the last quarter. Whittier Trust Co. bought a new stake in FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund during the 2nd quarter worth approximately $584,000. Park National Corp OH raised its stake in shares of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund by 3.7% in the second quarter. Park National Corp OH now owns 11,902 shares of the company’s stock worth $832,000 after purchasing an additional 425 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund by 14.9% in the second quarter. Bridges Investment Management Inc. now owns 19,523 shares of the company’s stock valued at $1,365,000 after purchasing an additional 2,530 shares in the last quarter. Finally, Harbour Trust & Investment Management Co grew its holdings in FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund by 6.3% during the second quarter. Harbour Trust & Investment Management Co now owns 119,812 shares of the company’s stock worth $8,376,000 after buying an additional 7,142 shares in the last quarter.

About FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

The FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of equities from developed countries outside the US. The index favors smaller, value-oriented firms. TLTD was launched on Sep 28, 2012 and is managed by FlexShares.