FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Hits New 52-Week High – What’s Next?

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $81.56 and last traded at $81.41, with a volume of 3118 shares traded. The stock had previously closed at $81.17.

FlexShares Quality Dividend Index Fund Stock Performance

The stock’s fifty day simple moving average is $79.66 and its two-hundred day simple moving average is $76.36. The stock has a market capitalization of $2.03 billion, a P/E ratio of 21.14 and a beta of 0.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. TIAA Trust National Association raised its position in shares of FlexShares Quality Dividend Index Fund by 4.9% during the second quarter. TIAA Trust National Association now owns 4,048,052 shares of the company’s stock worth $295,347,000 after acquiring an additional 190,689 shares during the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in FlexShares Quality Dividend Index Fund during the 3rd quarter valued at approximately $69,000. PFG Investments LLC bought a new position in FlexShares Quality Dividend Index Fund during the 3rd quarter worth approximately $212,000. Rossmore Private Capital bought a new position in FlexShares Quality Dividend Index Fund during the 3rd quarter worth approximately $66,000. Finally, CoreCap Advisors LLC boosted its stake in shares of FlexShares Quality Dividend Index Fund by 17.8% in the 3rd quarter. CoreCap Advisors LLC now owns 1,065 shares of the company’s stock valued at $85,000 after purchasing an additional 161 shares during the last quarter.

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.