FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Trading 0.5% Higher – Here’s Why

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF)’s stock price were up 0.5% during trading on Monday . The stock traded as high as $71.36 and last traded at $71.36. Approximately 25,845 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 39,771 shares. The stock had previously closed at $70.98.

FlexShares Quality Dividend Index Fund Trading Up 0.5 %

The firm has a 50-day simple moving average of $72.33 and a two-hundred day simple moving average of $69.98. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 16.67 and a beta of 0.94.

Institutional Investors Weigh In On FlexShares Quality Dividend Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in QDF. Transform Wealth LLC grew its position in shares of FlexShares Quality Dividend Index Fund by 128.7% during the 3rd quarter. Transform Wealth LLC now owns 344,683 shares of the company’s stock valued at $24,717,000 after acquiring an additional 193,950 shares during the period. CFS Investment Advisory Services LLC purchased a new position in FlexShares Quality Dividend Index Fund during the third quarter worth approximately $7,374,000. Benjamin Edwards Inc. acquired a new stake in FlexShares Quality Dividend Index Fund in the third quarter valued at approximately $5,309,000. Bank of New York Mellon Corp increased its position in shares of FlexShares Quality Dividend Index Fund by 67.8% in the second quarter. Bank of New York Mellon Corp now owns 116,015 shares of the company’s stock valued at $7,716,000 after buying an additional 46,883 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of FlexShares Quality Dividend Index Fund by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 254,799 shares of the company’s stock worth $16,947,000 after buying an additional 20,830 shares during the period.

FlexShares Quality Dividend Index Fund Company Profile

The FlexShares Quality Dividend Index Fund (QDF) is an exchange-traded fund that is based on the Northern Trust Quality Dividend index. The fund tracks an index of companies deemed to have secure dividends that matches the beta of the Northern Trust 1250 Index. QDF was launched on Dec 14, 2012 and is managed by FlexShares.