FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Hits New 12-Month Low – Here’s Why

Shares of FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) reached a new 52-week low during trading on Monday . The company traded as low as $74.49 and last traded at $75.26, with a volume of 21662 shares traded. The stock had previously closed at $75.24.

FlexShares Ultra-Short Income Fund Stock Up 0.0 %

The business’s 50 day moving average price is $75.29 and its two-hundred day moving average price is $75.37.

Institutional Investors Weigh In On FlexShares Ultra-Short Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of FlexShares Ultra-Short Income Fund during the 3rd quarter valued at $158,000. Inspirion Wealth Advisors LLC acquired a new stake in shares of FlexShares Ultra-Short Income Fund in the fourth quarter valued at $249,000. Flow Traders U.S. LLC bought a new position in FlexShares Ultra-Short Income Fund during the third quarter valued at about $1,002,000. Silver Oak Securities Incorporated grew its holdings in FlexShares Ultra-Short Income Fund by 44.2% during the third quarter. Silver Oak Securities Incorporated now owns 14,554 shares of the company’s stock worth $1,101,000 after acquiring an additional 4,459 shares during the period. Finally, Greenleaf Trust raised its position in FlexShares Ultra-Short Income Fund by 1.6% in the third quarter. Greenleaf Trust now owns 14,631 shares of the company’s stock worth $1,107,000 after acquiring an additional 227 shares in the last quarter.

About FlexShares Ultra-Short Income Fund

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.