FlexShares Morningstar US Market Factor Tilt Index Fund (BATS:TILT) Sets New 12-Month High – Should You Buy?

Shares of FlexShares Morningstar US Market Factor Tilt Index Fund (BATS:TILT) hit a new 52-week high on Friday . The company traded as high as $272.10 and last traded at $271.89, with a volume of 6282 shares. The stock had previously closed at $270.06.

FlexShares Morningstar US Market Factor Tilt Index Fund Price Performance

The stock has a market cap of $2.07 billion, a P/E ratio of 20.76 and a beta of 1.04. The company has a fifty day moving average price of $254.81 and a 200 day moving average price of $252.10.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in FlexShares Morningstar US Market Factor Tilt Index Fund in the second quarter worth $38,000. Wealth Advisors of Tampa Bay LLC purchased a new position in FlexShares Morningstar US Market Factor Tilt Index Fund in the fourth quarter worth $228,000. Ameriprise Financial Inc. purchased a new position in FlexShares Morningstar US Market Factor Tilt Index Fund in the second quarter worth $230,000. Valeo Financial Advisors LLC purchased a new position in FlexShares Morningstar US Market Factor Tilt Index Fund in the fourth quarter worth $261,000. Finally, Portland Global Advisors LLC purchased a new position in FlexShares Morningstar US Market Factor Tilt Index Fund in the fourth quarter worth $503,000.

About FlexShares Morningstar US Market Factor Tilt Index Fund

The FlexShares Morningstar US Market Factors Tilt Index Fund (TILT) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a broad US index with a tilt toward small-cap and value segments. TILT was launched on Sep 16, 2011 and is managed by FlexShares.