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

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

FlexShares Quality Dividend Index Fund Price Performance

The stock’s 50-day moving average price is $72.33 and its 200 day moving average price is $70.03. The firm has a market capitalization of $1.90 billion, a PE ratio of 16.67 and a beta of 0.94.

Institutional Investors Weigh In On FlexShares Quality Dividend Index Fund

Several hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of FlexShares Quality Dividend Index Fund during the 2nd quarter worth approximately $65,000. Farther Finance Advisors LLC lifted its holdings in shares of FlexShares Quality Dividend Index Fund by 218.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,584 shares of the company’s stock valued at $114,000 after purchasing an additional 1,087 shares during the last quarter. Cozad Asset Management Inc. acquired a new stake in shares of FlexShares Quality Dividend Index Fund in the 3rd quarter worth $206,000. ORBA Wealth Advisors L.L.C. purchased a new position in FlexShares Quality Dividend Index Fund during the 3rd quarter worth $215,000. Finally, Empire Financial Management Company LLC acquired a new position in FlexShares Quality Dividend Index Fund during the 3rd quarter valued at about $215,000.

About FlexShares Quality Dividend Index Fund

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.